This stock is continuously hitting upper circuit! In just 16 days, Rs 4 lakh was given in exchange of Rs 1 lakh

Multibagger IPO: Even though the stock market is declining this year, some such stocks have emerged which have made investors rich. Today we are going to tell about one such stock. The stock has remained a rocket ever since its listing. In just 16 days, this stock has given an amount of more than 300 percent. Along with this, the upper circuit is going on continuously in this stock.

Shares of PNGS Gargi Fashion, a leading company in the business of costume and jewelery retail, have given multibagger returns. This company was listed in the stock market only last year. In the year 2022, its IPO came between December 8 and December 13 and was listed on December 20, 2022.

This share on the upper circuit constantly

This stock has grown rapidly since its listing. This stock is constantly touching the upper circuit. On the day of listing, the shares of the company were trading at less than Rs.60. In this, the investors got bumper returns on the very first day. On Friday, January 6, 2023 Shares of PNGS Gargi Fashion Jewelery were trading at Rs 129.35, up 4.99 per cent at 2.30 pm on Friday.

Bumper earnings for investors

Investors who have invested money in this stock have got good returns. On December 20, these shares were listed at Rs 30 per share. In such a situation, if someone had bought this share for Rs.30, he would have got more than 300 returns in today’s time. If someone had invested Rs 1 lakh in this stock, then on the basis of calculation, he would have got more than Rs 4 lakh today.

what does business do

The company is engaged in the retail sale of costume and fashion jewellery. This company also deals in silver jewellery, brass ornaments and idols. The company also deals in artificial jewelery and at present the promoters’ stake in the company is up to 73 per cent.

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