Business

Multibagger Stock: Shares of this food company gave 700% return in 60 days, investors became rich

Photo:FILE

multibagger stocks

Highlights

  • The stock is trading at Rs 65.35 with a jump of 4.98% today
  • Kohinoor Foods was established in the year 1989.
  • Its shares were priced at Rs 8 per share in April.

Multibagger Stock: Kohinoor Foods shares have registered a rise of 700 per cent in the last two months amid heavy turmoil in the stock market. After the ban on trading of Kohinoor Foods shares was lifted on April 6, the company’s shares have jumped 700 per cent to Rs 65.35 per share. Its share price in April was Rs 8 per share. The company deals in Basmati Rice, Atta, Ready-to-Eat Curries and Meals, Simmer Sausage, Spice Paste, Seasonings and Frozen Food.

NSE had sought clarification

NSE sought clarification from Kohinoor Foods in view of the rise in the shares of the company. The company clarified on April 19 that the rally in shares is market driven and the company’s management has nothing to do with it. Despite the big fall in the market, even today there is an upper circuit in the stock of the company. The stock is trading at Rs 65.35 with a jump of 4.98%.

The company was established in 1989

Kohinoor Foods was established in the year 1989. This company produces, trades and markets food products. The company is facilitating a large scale supply chain to meet the needs of customers across the globe. The business of the company is spread all over the world. The products of this company go from America, Canada, Australia, New Zealand, UK to Middle East and South East Asian countries.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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