Multibagger Stock below Rs 5: This micro-cap company stock was locked in the upper circuit on April 06; do you own it?
The stock is up by 62.16 per cent in just 5 days and gave multibagger returns of over 130 per cent in 3 years.
The major benchmark indices ended the day higher. The BSE Sensex Index rose 143.66 points or 0.24 per cent, to 59,832.97.
The Sensex and Nifty have both gained more than 3 per cent in the last five trading days. The indices outperformed the broader market as a whole, with the Mid-Cap index up 3.5 per cent and the Small-Cap index up 5.50 per cent in the preceding five trading sessions.
On Thursday, shares of Kridhan Infra Ltd, one of the Top Gainers on BSE, surged to Rs 2.98 per share after being locked in a 20 per cent upper circuit from its previous closing of Rs 2.49. The stock has a 52-week high of Rs 6.62 and a 52-week low of Rs 1.70. The stock has also hit back-to-back upper circuits from the past 5 trading sessions.
Kridhan Infra has a market cap of Rs 28.24 crore as of April 06, 2023. The company produces a wide range of steel products. It also processes steel used in the construction industry primarily reinforcement bars into various shapes and sizes like cranked bars, stirrups, verticals, column/beam cages etc.
The stock is up by 62.16 per cent in just 5 days and gave multibagger returns of over 130 per cent in 3 years. This civil construction company stock should be kept under the radar.