This multibagger stock did a lot to investors in 6 months, gave 841 percent return
[ad_1]
Rattanindia Enterprises Share: Rattanindia Enterprises Share prices have seen a tremendous increase in the last 6 months. The price of its shares was Rs 4.95 per stock on 30 April 2021, which has now reached the level of Rs 46.6. In the last six months, it has given a huge return of 841 percent to its shareholders. According to the data, the amount of Rs 1 lakh invested in the stock of RatanIndia Enterprises on 30 April 2021 would have become Rs 9.41 lakh today. RatanIndia Enterprises’ stake has increased by 548.89% since the beginning of this year and has climbed 653.87 percent in one year.
Also know this before investing
However, the performance of the company in financial terms does not match the bumper growth in the stock of the firm. The company recorded sales of Rs 1 crore in the first quarter of the current financial year as against zero sales in the corresponding quarter of the previous financial year. In the June quarter, it reported a loss of Rs 0.83 crore as against a net profit of Rs 0.08 crore in the June 2020 quarter. However, the firm has done better in terms of stock performance in the last six months.
In which sector the company operates?
Formerly known as RatanIndia Infrastructure Limited, RatanIndia Enterprises Limited is involved in setting up its own power project in the country for thermal power generation . It is also exploring consultancy options in generation, distribution and transmission of electricity. The company started its drone business with its wholly owned subsidiary- NeoSky India Limited and has also made a strategic investment in US-based urban drone logistics platform- Matternet.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com’s It is never advised to invest money from anyone side here.)
CBDT said- Income Tax Department gave back Rs 80086 crore to taxpayers in the current financial year
.
[ad_2]
