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Multibagger Stock: Real estate and textile giant Swan Energy has made investors rich. This stock has given good returns to the investors in the short term. In the last six months, this stock has given more than 70 per cent returns. This stock reached a record high on January 3. However, the stock has declined by 8 per cent since then.
On Friday too, a fall of 3.48 was seen in this stock and it closed at Rs 311 per share. The stock was trading at Rs 323.85 on the intra-day BSE on January 8. Currently its market cap is Rs 8,207.82 crore. During one year, this stock has registered a growth of 87.18 percent.
swan energy share price
During the last one year, this stock has given a return of 87.18 per cent. There has been a lot of volatility in this stock during January 2023, due to which this stock has given a return of only 0.08 percent in January, whereas during six months this stock has given a return of 70.27 percent. On the other hand, if we talk about one month, then there has been a jump of 13.73 percent.
Company increasing business in many sectors
Apart from textile and real estate, Swan Energy is expanding its business in many sectors through subsidiaries. Now the company has prepared a plan to buy Reliance Naval and Engineering. Approval has been given by the National Company Law Tribunal for this. Swan Energy’s 5 MT per annum LNG port terminal is expected to be completed and commissioned in FY 2022-23 itself. Let us inform that the company suffered a loss of Rs 107 crore during the April-September half-year.
Returns during last one year
If we talk according to the share price history of one year, then this stock has converted one lakh rupees of the investors into 1 lakh 87 thousand rupees. At the same time, in six months, this stock has given investors an amount of Rs 1 lakh and more than Rs 70 thousand instead of Rs 1 lakh.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)
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