Shares below Rs 100: Only buyers in this biotech company that soared 471 per cent in just one year!
Given that shares of this company soared 471 per cent in just one year, an investment of Rs 1 lakh made last year would now be worth Rs 5.7 lakh!
Amidst sluggish global indications, investor sentiment in the global markets remained mixed. SGX Nifty predicted a bearish opening for the broader index in India. The benchmark indices in India started the day higher but quickly pared their initial gains.
There is a stock that is consistently hitting back-to-back upper circuits and did so even on Tuesday despite the lacklustre trading day. Due to the price-volume breakout, only buyers were seen thereby, indicating that investors’ interest in this company has increased. On an intraday basis, the shares of Indrayani Biotech rallied and got locked at a 5 per cent upper circuit at Rs 87.55 per share on BSE, touching an all-time high level.
Given that shares of this company soared 471 per cent in just one year, an investment of Rs 1 lakh made last year would now be worth Rs 5.7 lakh! The stock surged over 357 per cent over the past six months and has delivered exceptional gains of nearly 50 per cent in just one month.
Incorporated in 1992, Indrayani Biotech Limited (IBL) is venturing into three verticals namely, food & hospitality, healthcare, and engineering.
Keep a close eye on this scrip for the upcoming sessions!