highlights
The company reported net income of ₹14.05 crore in the March quarter of 2023.
The promoter interest in the SG Finserv Company is 50.88 percent.
The company was formerly known as Moongipa Securities Limited.
Multibagger Inventory: The SG Finserve Stock name is also included in the list of stocks that generate multibagger returns over the long term. In the space of three years, this stock has investors in a frenzy. The investor who invested one lakh rupees in the stock three years ago and has maintained his investment has also become a crorepati today. Now this stock appears to be in the upside for three consecutive sessions. Once this penny stick cost 2 rupees, now it is 714 rupees.
The stock also topped on Thursday, hitting its 52-week high of Rs.714.20. In the last five trading sessions itself, the share price is up 23 percent. SG Finserv is engaged in investment banking and fund management and has a market capitalization of 2,950 crore. The company reported net income of ₹14.05 crore in the March quarter of 2023. In the year-ago quarter there was a loss of ₹0.69 crore. The promoter’s stake in the company is 50.88 percent, private investors hold 49.12 percent.
Also read this – Quant Mutual Fund: Low costs, high returns, 5 funds make money, gave up up to 43% gains in 3 years
The share increased from 2 to 714 rupees
This company was formerly known as Moongipa Securities Limited. In 2020, SG Finserv stock traded at around 2 rupees. In 2021, this stock started to boom. After that it never looked back. The stock has returned 25407 percent over three years. At the same time, this stock has returned 28,130 percent in two years. Within a year, this stock has given investors a return of almost 900 percent. The stock is up 255 percent over the past six months.
1 lakh became 3 crore
Today, about three years ago, on June 30, 2020, the price of this stock was 2.20 rupees. Today it has risen to 714 rupees. If an investor had bought SG Finserv shares by investing Rs.1 lakh at Rs.2.20 per share, they would have received a total of 45454 shares. Today the price of these shares has risen to Rs.32,463,636.
(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen.)
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Keywords: Business news in Hindi, Multibagger Stocks, stock market, Stock Tips
FIRST RELEASED : May 25, 2023 8:42 PM IST
