Indian equity markets remain volatile on the back of rising crude oil prices and high inflation, FPI outflows, monetary tightening led by the US Federal Reserve, and a negative impact from the Russian-Ukraine War.
The 30-share BSE Sensex tanked 709.54 points or 1.35 percent to settle at 51,822.53, while NSE Nifty fell 225.50 points or 1.44 percent to end at 15,413.30 during Wednesday’s intraday trade.
However, despite the market stumbling under the heavy sell-off pressure in the last few months, some stocks were able to manage to deliver a return of over 200% in this period. Shares of Kohinoor Foods are one of them.
Kohinoor Foods is primarily engaged in the business of manufacturing, trading and marketing of food products. It offers an extensive range that caters to consumers' needs across the world.
This multibagger penny stock of the food products company skyrocketed 219.04 per cent from a level of ₹7.45 on April 6, 2022, after the stock exchanges revoked the suspension of trading in the security. Prior to this, the stock had last traded on May 3, 2021, and ended at Rs.7.55 on the BSE.
If an investor had invested ₹1 lakh in this penny stock two months ago at ₹7.75 apiece, Rs. 1 lakh would have grown to ₹12.5 lakh today at a price of ₹96.35.
Its current market capitalisation stands at ₹357.20 crore with the trade volume of 10,530 on Thursday. In the last 20 days the average volume of this stock is 47,045. Today the share price of Kohinoor Foods is Rs. 96.35, which is its 52-week high as well. Its 52-week low is Rs. 7.75 apiece.
The stock is trading under the ‘BE’ category on the NSE and under the ‘T’ group on the BSE. In the BE and T2T segment, each trade has to result in delivery and currency no intraday netting of positions is allowed.
Disclaimer: This article is for information purposes only. Please speak to a SEBI-registered investment advisor before making an investment decision.