1 lakh became 3 lakh in 16 days
Shares of Sbec Sugar have returned nearly 260 percent in the last 16 trading sessions. On December 1, 2022, the shares of the sugar company were at the level of Rs.24.35, while on December 22, 2022, the shares of the company closed at Rs.81.75 on BSE. That is, if a person had invested Rs 1 lakh in the shares of the company on December 1, 2022, now it would have doubled to Rs 3.35 lakh. Sbec Sugar has a 52 week low of Rs 21.05.
Reason for price movement unknown
Over the past 15 trading sessions, Sbec Sugar’s stock has risen nearly 200 percent, with the company’s shares hitting a 52-week high on Tuesday. However, why did the company’s shares rise so much? The company management is also unaware of this. In a stock exchange filing, the company said that there is currently no information available on the share price movement. However, due to the boom, the shareholders who invest money in this stock have been beaten.
2,100% returns in short period of time
Shares of Sbec Sugar have returned investors around 2100% in less than three years. On April 3, 2020, shares of the sugar company were trading at Rs 3.51 on the Mumbai Stock Exchange. On December 22, 2020, the shares of the company closed at Rs 81.85. That is, if a person invested Rs 1 lakh in the shares of a sugar company two years ago and maintained his investment, he would currently have Rs 23.29 lakh.
How much percent return this year?
Umesh Modi Group’s SBEC Sugar has returned 248% to investors in the last one year and the company’s shares have returned 251% so far this year. Shares of Sbec Sugar have gained nearly 224% in the last 6 months and the company has a market cap of around Rs 390 crore.
(Note: Here is information about stock performance only, not investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.)