A low priced stock has become a multibagger stock in just a few years. This share belongs to Ajanta Pharma. Shares of Ajanta Pharma have increased from Rs 7 to Rs 1800 in the last few years. The shares of the company have given more than 24000 per cent returns during this period. That is, the shares of the company have done the work of making investors rich. Now the pharma company is preparing to give bonus shares to its investors.
Rs 1 lakh became Rs 2.7 crore
The shares of Ajanta Pharma were at a level of Rs 6.67 on the Bombay Stock Exchange (BSE) as on 27 March 2009. The company’s shares have closed at Rs 1803.50 on BSE on May 2, 2022. The shares of the company have given tremendous returns during this period. If a person had invested Rs 1 lakh in the shares of the company on March 27, 2009 and had retained his investment, then at present this money would have been Rs 2.7 crore. The 52-week high of the company’s shares is Rs 2,420.
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Company preparing to issue bonus shares
Ajanta Pharma has informed stock exchanges that its board meeting is next week on Tuesday, May 10, 2022. The company’s board will consider sharing the company’s financial results and bonus issue in this meeting. Shares of Ajanta Pharma have lost close to 19 per cent so far this year. The shares of the company have given negative returns of about 17 per cent in the last 6 months. The 52-week low of Ajanta Pharma shares is Rs 1632.10. The market cap of the company is around Rs 15,400 crore. Ajanta Pharma had a profit of Rs 194.71 crore in the December 2021 quarter.
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