This penny stock doubled investors' wealth in just 17 trading sessions!
The scrip was locked at the upper circuit limit of 5 per cent and at the same time, it touched a fresh 52-week high.
I’m sure you must have come across the funny one-liner from the famous film Phir Hera Pheri “25 din mein paisa double”. While this line has inspired many memes and many may think it can be true in dreams only, on D-Street, this turned out to be a reality.
The stock which we are talking about has doubled the investor in just 17 trading sessions. Name of the stock is Soma Textiles & Industries Ltd. The scrip was locked at the upper circuit limit of 5 per cent and at the same time, it touched a fresh 52-week high.
The company was incorporated in 1969 and it is engaged in manufacturing and trading textile fabrics.
The stock was trading at Rs 9.20 on the first trading session of February and as on the stock touched the level of Rs 21.25. As a result, the stock turned out to be multibagger.
The market capitalization of the company is Rs 69.4 crore.