Tata Group is one of the largest and oldest business houses in India, whose history is more than 100 years old. This group has played an important role in the industrialization of India and Tata companies also have a major contribution in the stock market. Shares of Tata group had also contributed in making the late investor Rakesh Jhunjhunwala, who became famous as the Big Bull of the Indian market, so famous. Today we are going to tell about a stock of the same Tata Group, which is not very famous, but is one of the best multibagger stocks in the market in terms of returns.
Last year Tata bought the shares
We are talking about the shares of Tejas Networks. Know about this company that it provides high-speed internet service. Apart from this, the company also provides services like 4G / 5G mobile backhaul, wholesale bandwidth service. It is headquartered in Gurugram and has been a part of the Tata group for not so long. Tata Sons, the holding company of the Tata group, had increased its stake in the company to over 50 per cent through Panatone Finvest Limited in April last year. Thus, Tata Sons is currently the majority shareholder of Tejas Networks and holds 52.45 per cent shares.
Today’s closing price
A share of Tejas Networks currently costs around Rs 840. Is. It declined by 0.82 per cent in Monday’s trade and closed at Rs 839.90. Its price is almost at the same level in the last 5 days. It had at one point reached as high as Rs 893, which is also a 52-week high. And the 52-week low level of Tejas Networks’s share is Rs 510.
Recently this has been the case
Tejas Networks share has gained 2.50 per cent during the last one month. has accelerated. At the same time, this stock has jumped more than 47 percent in the last 6 months. The stock has gained more than 38 per cent since January this year, while it has gained less than 38 per cent in the last one year.
Rs 1 lakh made from Rs 7,500
About 3 years ago, a share of Tejas Networks was getting around Rs.65. On August 28, 2020, the share price of Tejas Networks was Rs 63.90, which has been Rs 839.90 after the market closed today. This means that in the last 3 years, this new and anonymous share of Tata has jumped more than 13 times (about 1214 percent). This means that if an investor had invested around Rs 7,500 in this stock 3 years back, he would have become a millionaire today.
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