Stock Under Rs 3: Back-To- Back Upper Circuit Since Dec End, Rallies 172% In 30 Days

Small cap stock, Jai Mata Glass Ltd priced Rs 2.62 apiece has been hitting back-to-back upper circuit since December last of 2022. The stock has nearly doubled investors wealth in a span of just 30 days by soaring 172%. The stock witnessed a surge in shares even on January 27, 2023 when BSE Sensex fell sharply by over 800 points. Check details pertaining to Jai Mata Glass:

1. Jai Mata Glass Stock Performance

The last trading price of the stock is Rs 2.62 apiece with an intraday surge of 4.80% on BSE. The stock's 52-week high is Rs 2.62 apiece and 52-week low is Rs 0.36 apiece, respectively. The company has a market capitalisation of Rs 26.20 crore. The stock has been hitting back-to-back upper circuit since December end.

Jai Mata Glass Return

The stock was priced Rs 0.53 apiece on October 31, 2023 and since then it has rallied to 2.62 apiece as of January 27, 2023 thus offering a return of 394% in precisely 2 months. When Sensex declined 2.13% in 1-week, the stock rallied 20.18%. It rallied 172% in last 1-month when BSE Sensex declined 2.62%.

It soared 376% in last 3-months and BSE Sensex tumbled 0.71% in this time span. It has defied market trend and gave returns to shareholders when markets witnessed decline.

It rallied 394% in last 3-years and 1278% in last 3-years.

3. Jai Mata Glass About

The company was incorporated as a Public Limited Company on 27th February 1981, and registered with the Registrar of Companies, Jallandhar. The certificate of Commencement of Business was obtained by the Company on 25th June.

Jai Mata Glass's maiden initial public issue of its equity shares was launched in June 1986. The main objective of the company is to manufacture figured and wired glasses. It exports its products to south-east Asia west Asia and Africa.

Disclaimer

The stock gives details of multibagger returns in a short span of time. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.