Multibagger stock: There was a stock of 3 rupees ever .. So far 26900 percent increase, the company made arrangements to raise funds!

Multibagger stock: There was a stock of 3 rupees ever .. So far 26900 percent increase, the company made arrangements to raise funds!

Shares of Eco Recycling Limited have given good returns to investors. On 17 July 2004, the company’s stock was priced at Rs 3. But since then it has increased by 26,900 percent. It closed at Rs 810 on Friday. Experts say that the company’s shares may be focused next week. Because in reality this institution is going to raise funds.

Eco Recycling Limited announced on 23 January that it intends to raise funds through a qualified institutional placement (QIP) process. QIP funding process is the process of raising funds for public listed companies by selling their securities to big investors like active institutional buyers (QIBs) active in the stock market. The Board of Directors has appointed GVR Capital Advisors Private Limited as Book Running Lead Manager for QIP issue.

After the stock market session on Friday, Eco Recycling Limited’s shares fell 2.78 percent to close at Rs 810. According to BSE data, on August 29, 2024, Eco Recycling shares reached 52 -week highest level of Rs 1,215.10. The market cap was Rs 1,558.02 crore when the market was closed on Friday.

This multibagger stock has given investors more than 104 percent returns in the last one year and more than 2,000 percent in the last five years. However, the stock of eco recycling has fallen by 16.81 percent year-on-year (YTD).

Comment: This investment is not advice. Bus stock performance. Investing in the stock market is risky. Take the advice of a specialist.

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