Despite the bloodbath, only buyers were seen in this multibagger that generated 262 per cent returns in just one month!
The stock soared 386 per cent in the last six months after hitting back-to-back upper circuits!
Following the announcement of a 75-basis-point interest rate hike by US Federal Reserve, all major global indices plunged while many of them continued to fall. Due to the weakening of the global economy, a majority of the Asian markets were trading lower.
The Indian domestic bourses experienced a bloodbath on Friday. Sensex slumped more than 1,000 points while Nifty 50 slipped 1.72 per cent. BSE Power was the worst-performing sector, losing 3.40 per cent, with 15 sectors slipping over a per cent each.
In such a weak market, some stocks have piqued the interest of investors due to their strong upward movement. On an intraday basis on Friday, the shares of Virgo Global surged, achieving a 52-week high of Rs 3.26 per share on BSE after being locked in the 5 per cent upper circuit.
The stock soared 386 per cent in the last six months after hitting back-to-back upper circuits and its shareholders have enjoyed fabulous returns of 262 per cent in just one month! An investment of Rs 1 lakh made in this stock a month ago would now be worth over Rs 3.6 lakh!
The company manufactures, trades, deals in and maintains computer systems, software & hardware. It also assembles data processors and creates programme designs.
Keep a close eye on this scrip for the upcoming sessions!