An amount of Rs 1 lakh invested in the penny stock six months ago would have turned into Rs 2.62 crore today
Stock of Proseed India has delivered 26,122% returns to its shareholders in six months. The penny stock, which stood at Rs 0.36 on May 19, 2020, rose to a high of Rs 94.40 on BSE on November 18. An amount of Rs 1 lakh invested in Proseed India stock six months ago would have turned into Rs 2.62 crore today.
In comparison, Sensex has risen 19.50% during the period.
However, the stock closed at Rs 94.40 falling 4.98% on Thursday against the previous close of Rs 99.35 on BSE.
The small cap share has lost 18.48% in the last 4 sessions.The stock opened with a loss of 4.98% on November 18 and was stuck at the same level through the session.
Proseed India share stands higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages. Total 0.15 lakh shares changed hands amounting to a turnover of Rs 14.05 lakh on BSE.
Source : business today
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