This company stock hit an upper circuit, once its price was less than one rupee
The stock market rose again on Monday. This was the sixth consecutive day when the stock market saw a rise. On the other hand, there were many such shares which also saw tremendous growth. Upper circuit was also seen in many shares. One such stock was of Salasar Techno Engineering Ltd.
The stock of this company hit an upper circuit of 20 percent on Monday. At the same time, this stock has caused more than half the loss to the investors in 6 months.
Company stock hit an upper circuit
Salasar's stock rose 20 percent on Monday. With this rise, this stock reached Rs 9.68. However, in 6 months, the price of this stock has fallen by more than half. At the same time, it has also caused more than half the loss in a year. However, if we talk about 5 years, it has given strong returns to the investors.
Why did it rise?
This surge in Salasar's stock has come before the company's board meeting. The company's board of directors meeting will be held on March 26. Meanwhile the company has given this information in the exchange filing.
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Some decisions related to the company's functioning can be taken in this meeting. The company had gifted bonus shares to investors last year.
How much loss in 6 months?
For some time now, this stock has been causing continuous loss to investors. This stock has sunk more than half of the investors' money in 6 months. Its price was Rs 20.64 6 months ago. Now it is Rs 9.68. That is, this stock has fallen by about 53 percent in 6 months. At the same time, this stock has fallen by about 54 percent in a year.
How much profit did it give in 5 years?
This stock has given tremendous returns to investors in 5 years. This return has been more than 1100 percent. At one time the price of this stock had crossed Rs 30. 5 years ago, its price was less than one rupee i.e. only 78 paise.
Now it is Rs 9.68. That is, it has given a return of about 1140 percent in 5 years.
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