Only buyers in this newly-listed SME IPO stock that more than doubled in July itself; check now if you own it!
Its shares soared over 5 per cent on Friday with a spurt in the volume of more than seven times on BSE.
The shares of Jayant Infratech are in huge demand. Back-to-back buyers lock has pushed the stock to its all-time high after it more than doubled since its listing on July 13. This SME IPO stock got listed on the BSE SME platform on July 13 after recording a gain of 19 per cent on its listing day. The issue price for Jayant Infratech was Rs 53 per share.
On July 29, the shares of Jayant Infratech are seen trading at Rs 164 per share. The newly-listed SME IPO stock Jayant Infratech is turning out to be a multibagger after gaining by more than 100 per cent since July 13.
Its shares soared over 5 per cent on Friday with a spurt in the volume of more than seven times on BSE.
Jayant Infratech is one of the beneficiaries of the increase in government spending on railways. As the government increases allocation to the modernisation & electrification of the railways, Jayant Infratech, as per market observers, stands to gain.
The market cap of this trending SME stock is Rs 53 crore as of now.
Investors and traders with a high-risk appetite can keep these trending newly-listed SME stocks on the watchlist.
BSE Sensex, in the meantime, is trading higher by 477 points at the time of filing this report.
Besides, the Nifty is up by 164 points and is trading above the crucial 17,000 level.