There was a race to buy a share worth Rs 7, once the price was 0.40 paise.

Ronit Kawale
Ronit Kawale - Senior Editor
2 Min Read

Penny Stock: Common investors are always interested in penny stocks in the stock market. Because, the price of these shares is Rs 5-10 or less, hence people show interest in them. In the last few years, penny stocks have given tremendous returns. Many shares increased from Rs 2 to Rs 30-40. These days a penny stock is attracting the attention of investors in the stock market. In the last one week this stock has given a return of 40 percent. The stock rose 18 percent in two days on March 21 and 22.

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The special thing is that after several days of decline, the shares of Kenvi Jewels Limited are seeing a rise. This share closed at the level of Rs 7.19 on March 22. In June last year, shares of this company had made a high of Rs 15.70. Let us tell you what business this company does.

Also read- Anil Ambani repaid the loan from the banks, the company's shares gained momentum, the ₹ 20 share continues to rise tremendously.

company business model
Trades in gold and gold jewellery. The company does the business of manufacturing, wholesale and retail sale of jewellery. According to the shareholding pattern of the company, 64.72 percent stake is held by the promoters, while the public holds 35 percent stake.

15 times the money
Shares of Kenvi Jewels Limited traded at the level of Re 1 in 2018. After the fall, these shares reached 0.40 paise. In June 2023, the company's shares touched the level of Rs 15. If seen from this perspective, the shares of Kenvi Jewels Limited increased the investors' money 15 times in 8 years.

(Disclaimer: The information given here is for information only. Since investing in share market is subject to market risks, please consult a certified investment advisor before investing.)

Tags: Business news in hindi, Multibagger stock, Stock market today

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