Multibagger Stock 2022: Today the stock market is down by more than 1000 points. Despite the huge fall in the market, there is a strong rise in some stocks, one such stock is Jainco Projects (India) Limited (JainCo Projects India). The company’s shares rose 5 percent during trading today (Monday) and reached its 52-week high. On the BSE, this stock is trading at a level of Rs 11.34 with a strength of 5 percent today.
Yearly return of 1,925%
In one year this Multibagger Penny stock has grown from ₹0.56 (Closing price on BSE on 28 Jan 2021) to ₹11.34 (24 Jan 2022). During this period, this stock has given a return of about 1,925 percent to its shareholders. Similarly, in the last 6 months, this stock has increased from Rs 5.31 (July 26, 2021) to Rs 11.34, during which this stock has given a return of 116%. At the same time, in the last 5 trading days, this stock has run up by 21.41 percent. Hence, penny stock can be considered as one of the possible multibagger penny stock for 2022 also.
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investors have become rich
JainCo Projects (India) Limited (JainCo Projects India share price) The company’s share price history can also be understood in such a way that if an investor had invested ₹ 1 lakh in this penny stock a year ago, then his ₹ 1 lakh today Would have been ₹ 20.25 lakh. Whereas this 6 months ago if an investor had invested 1 lakh in this stock, then his 1 lakh would have become ₹ 2.13 lakh as of today. That is, investors would have made more than double profit in 6 months.
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What is the business of the company?
Janco Projects (India) Limited is engaged in construction business in India. It buys and sells ready mix concrete. The company also deals in liquefied petroleum gas. The company’s core products and services include manufacturing and trading in shares.