Talking about the technical view, the stock has witnessed breakout of the tight range with a massive volume and closed above the moving average ribbon and its key short-term moving averages.

On Friday, Indian equity markets ended on a negative note

The company announced the stock split of each existing equity share of face value of Rs 10 into ten equity shares of face value of Re 1 and issue of two bonus shares for every one equity share held by the shareholder.   

The stock gave multibagger returns of 1,139.58 per cent in just 6 months whereas BSE small-cap index was down by 2.49 per cent.

Many of the greatest companies started very small, with their stocks valued in single digits. In other words, they started as what the investment world calls “penny stocks or micro-cap.”

In just 6 months, the stock gave multibagger returns of 640 per cent. The stock also traded at a 52-week high of Rs 500.  

Shares of the company are trading at a P/E of 16.5.

Based on the principle of demand supply mechanism, exchange will arrive at the equilibrium price – the price at which the maximum number of shares can be bought / sold.

The stock returned 60.40 per cent in the last 6 months and multibagger returns of 693.16 per cent in just 1 year.

Investing in equities is the first chapter of many a rags-to-riches story. Some of the wealthiest individuals in the world owe their success to the stock market. It is only because of investing, individuals like Warren Buffett, Rakesh Jhunjhunwala and many more now rank as billionaires.