This Small Cap YTD Multibagger Stock Defies Trend; Gains For The Second Day: Check Why

Shares of the small cap company were seen gaining for the second day in a row even as the markets collapsed a great deal and plummeted to their lowest levels in 2022, with Nifty down over 5% year to date.

This Small Cap YTD Multibagger Stock Defies Trend; Gains For The Second Day: Check Why

The company is from the aquaculture space and as per the bulk deal data, Rakesh Jhunjhunwala's brother Rajesh Jhunjhunwala both 0.51% equity in the stake that equate to 1.2 lakh shares. The company is Kings Infra Ventures. The transaction was carried at a price of Rs. ₹64.67 per share, which amounts to around ₹77.60 lakh.

The stock was trading above 5, 10, 20, 50, 100 and 200 simple moving average. It hit a 52-week high of 76.25 on February 11, 2022, while it touched a 52-week low of 20.95 on March 5, 2021.
Technically, the stock turned "bullish" from "mildly bullish" on January 17, 2022 at ₹42 apiece. On a YTD basis, this is another stock that has given multibagger returns to the tune of 110%.

Incorporated in the year 1987, the company is a leading entity in the area of land banking as well as creation of infra for projects in the key sectors such as integrated life spaces, lifespaces, logistics, warehousing, hospitality, healthcare, education and clean energy.

The Kochi based company is also indulged in the areas of aquaculture farming, seafood processing, trading of marine products internationally, aquaculture consultancy among others.

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