This penny stock turned Rs 1 lakh into Rs 20 lakh in three months, did you buy?

Multibagger Stock: The stock of Radhe Developers has given 1,904% return to its shareholders in three months. This penny stock was Rs 17.07 on 26 August 2021, which reached a high of Rs 342.20 on BSE on Friday. The amount of Rs 1 lakh invested in Radhe Developers shares three months ago would have become Rs 20.04 lakh today. In comparison, the Sensex has gained 2.87 per cent during this period.

Shares of Radhe Developers hit an all-time high of Rs 342.2 on Friday, rising 4.99% over the previous close of Rs 325.95 on BSE. The stock opened with a gain of 5% today and remained trapped in the upper circuit in the afternoon session. The stock has gained 177.87% in the last 21 days.

Radhe Developers stock is higher than the moving averages of 5 Day, 20 Day, 50 Day, 100 Day and 200 Day. The Microcap share has gained 3,603% since the beginning of this year and has gained 3,540% in one year. The market cap of the firm increased to Rs 861.66 crore on BSE. A total of 1.30 lakh shares changed hands on the BSE with a turnover of Rs 4.44 crore.

The excellent performance of the stock is not commensurate with the financial position of the firm. The company is running in loss, this important factor should be considered before investing in the counter. The firm has made losses in the last five quarters before September 1.

Radhe Developers (India) Limited is a real estate company. The company works through the construction segment. It offers residential, commercial, plotting and related projects.

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