President of India’s portfolio gains Rs 2753,87,71,885 from Vi & Jio’s peer company’s stock under Rs 100; Scrip hit upper circuit & 52-week high!
The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 19.27 per share.
On Friday, one of the Top Gainers on BSE, Vi & Jio’s peer company’s stock was locked in a 5 per cent upper circuit to Rs 97.08 per share from its previous closing of Rs 92.46 per share. The stock also made a new 52-week high of Rs 97.08 while its 52-week low is Rs 19.37.
Wait! Before we reveal the secret stock, let's crack the code of the President's portfolio wealth surge. Buckle up, it's about to get intense!
The President of India’s portfolio owns 35,43,78,740 shares or 56.25 per cent and LIC’s portfolio owns 8,26,59,957 or 13.12 per cent stake in the company.
Therefore, the President of India’s portfolio gains Rs 27,53,87,71,885 (35,43,78,740 shares x Rs 77.71 per share) and LIC’s portfolio gains Rs 642,35,05,258 (8,26,59,957 shares x Rs 77.71 per share) from its 52-week low.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Talking about the company, it was incorporated as a public sector undertaking in 1986 to serve the cities of Delhi including NCR and Mumbai including Thane district in India. It started with an objective to provide world-class telecommunication services to its customers with affordable tariffs. The company got Navratna Status in 1997.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 6,000 crore with a 5-year stock price CAGR of 71 per cent. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported mixed sets of numbers and in the last 10 years, the company has been making a net loss of 4-digit (Ranging net loss from Rs 1,946 crore to Rs 3,694 crore).
It's time to unveil the stock's identity, and it goes by the name Mahanagar Telephone Nigam Ltd (MTNL). The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 19.27 per share.
Do you own MTNL’s stock in your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 16,252 crore order book: TATA Group-multibagger solar power company signs MoU with the Bank of India; details inside!