The ups and downs in the stock market have been going on for the last few months. There has been a sharp decline in the shares of many giant companies. There are some companies which have given tremendous returns even in the volatile market. These small companies have been listed in the stock market only a few days ago and in less than a month they have given returns of up to 400% to the people. These companies include PNGS Gargi Fashion Jewellery, Dronacharya Aerial Innovations and Bahati Recycling.
Shares of PNGS Gargi Fashion Jewelery gave 400% return
The shares of PNGS Gargi Fashion Jewelery got listed on the bourse on December 20, 2022. The company’s shares were listed at Rs 57, a premium of over 90% against the issue price of Rs 30. Shares of PNGS Gargi Fashion Jewelery closed at Rs 59.9, up 99.5% on the first day. Since the listing, the company’s shares have maintained a good momentum. Shares of PNGS Gargi Fashion Jewelery closed at Rs 149.65 on Wednesday, January 11, 2023. That is, the shares of the company have gained 398.8%.
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Shares of Dronacharya Aerial Innovations surged 329%
Shares of Dronacharya Aerial Innovations have also given tremendous returns. The shares of the company are listed on 23 December 2022. The company’s shares rose 98.3% on the day of listing. Shares of Dronacharya Aerial Innovations rose to Rs 107.21 from the IPO price of Rs 54. Since the listing, the shares of the company have been on the upper circuit. Shares of Dronacharya Aerial Innovations closed at Rs 231.80 on Wednesday, January 11, 2023 with an upper circuit of 5%. Shares of Dronacharya Aerial Innovations have gained 329.3% from the issue price of Rs 54.
Also read- This share rose 73% in 3 days, after one joining the price is rising 20% every day
baheti recycling shares jump 168%
Shares of aluminum recycling company Baheti Recycling were also listed on the exchange last month. The shares of the company were listed at Rs 120 on December 8, 2022, while the issue price of the shares was Rs 45. Shares of Bahati Recycling closed at Rs 114 on the first day. That is, the shares of the company were listed at a premium of 153% from the IPO price. The company’s shares closed at Rs 120.55 on Wednesday, January 11, 2023. That is, the company’s shares have jumped by about 168% compared to the issue price.
Disclaimer: Information about the performance of the stock is given here only, it is not an investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.