The stock market has seen a lot of ups and downs so far this year. But even in this period of ups and downs, many companies have given excellent returns to the investors. Small cap company Mangalam Seeds Ltd is one of them. The share price of this FMCG company has increased from Rs 91 to Rs 209.60 so far this year. That is, the investors’ money has doubled in just 22 days.
Stock on upper circuit continuously since January 13
The share price of Mangalam Seeds reached the level of Rs 209.60 per share yesterday i.e. Monday after a jump of 5 percent. The company’s shares have been hitting upper circuit continuously since January 13. Mangalam Seeds has given more than 130% returns to its positional investors in the stock market this year. That is, on January 2, the money of the investors who had placed bets of Rs 1 lakh has increased to Rs 2.35 lakh on holding till now. Let me tell you, the IPO of the company came in 2015. Then the issue price was Rs.50 only. Since then, the company’s shares have seen a jump of 685.02 percent. If an investor had placed a bet of Rs 1 lakh, his returns would have increased to Rs 7.85 lakh in these 8 years.
This PSU company will now give dividend after excellent returns, good news can be received on January 30
Investors who would have invested Rs 1 lakh in the company 5 years ago, their returns have now increased to Rs 2.11 lakh. Mangalam Seeds shares have gained 111.72 percent in the last 3 years. 3 years back the share price of this FCG sector company was Rs.53.90. Then the money of the investors who bet one lakh has increased more than 3 times till now.
On Monday, shares of Mangalam Seeds hit a 52-week high. The company’s 52 week low in the stock market is Rs 75.95. The stock is trading with a gain of 175.97 per cent compared to its one year low. Let me tell you, the market cap of Mangalam Seeds is Rs 230.14 crore.