Multibagger Stock: The shares of Abhinav Capital Services Ltd were locked at a 5% upper circuit at ₹247.90 apiece, clocking their fresh 52-week high. They have been hitting the upper circuit for 22 sessions in a row! However, they touched their 5% lower circuit on Tuesday’s early trades and their share price declined after a long time.
Abhinav Capital Services Ltd is engaged in the business of lending and is a Non-Deposit Accepting Non-Banking Finance company registered with the RBI. It is a penny stock with a market capitalization of ₹ 163.49 crores. It has a low volume and only 355 shares changed hands on Monday’s trades.
Price Movement
In a month’s time, the share price of the company surged from ₹ 82.25 apiece to ₹ 247.00 apiece, giving multibagger returns of 200%. Therefore, if an investor would have invested ₹ 1,00,000 in the shares of the company a month ago, the value of their holdings would have been ₹ 3,00,000 today.
Similarly, the shares of the company have given multibagger returns of 260.90% in the past six months as their share price increased from 62.15 to ₹ 247.00. ₹1,00,000 invested at that time is worth ₹ ₹ 3,60,900 today.
Its share price increased by 574% in the past year, from ₹ 33.25 to ₹ 247.00. Therefore if ₹ 1,00,000 was invested in the shares of the company a year ago, the holdings are worth ₹ 6,74,000 in a year.
Shareholding
71.48% of its shares are held by promoters, and the remaining 28.52% of its shares are held by retail investors.
It is important for investors to note that the shares of the company have a very low volume of 2842. Such low volumes make it easy for certain people to manipulate the share price, therefore investors are advised to stay away from such stocks.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
