Shares below Rs 50: This multibagger stock got locked at 20 per cent upper circuit, post rallying 270 per cent in just 1 year!

The stock has seen heavy buying, with multibagger returns of over 270 per cent in just one year

Shares of Imagicaaworld Entertainment experienced a significant surge on Friday, with a 20 per cent increase, resulting in a new intraday high and a 52-week high of Rs 49.45. Trading volume also spiked by over 11.49 times and the stock closed at Rs 49.33, up 19.70 per cent.  

On March 2, 2023, Imagicaaworld Entertainment announced the opening of Aquamagicaa, a new waterpark in Surat, Gujarat. Spanning 4 acres in the heart of the city, the park features 16 water-based rides and attractions imported from international manufacturers.  

 Additionally, guests can enjoy a range of food and beverage options, retail offerings and Cabana facilities for daytime use. The company aims to provide the same level of high-quality service that has delighted over 11 million visitors to its flagship Khopoli project.  

Imagicaaworld Entertainment is the owner and operator of Imagicaa, one of India's top holiday destinations, offering a variety of experiences through its theme park, water park and hotel. Imagicaa is an all-weather entertainment destination providing unique experiences to guests.  

The stock has seen heavy buying, with multibagger returns of over 270 per cent in just one year. In the past month alone, the stock has surged over 40 per cent. This trending multibagger stock is definitely worth keeping an eye on.