Any thoughtful investment in the stock market does not go bad. All you need is to be patient. This is what we saw with the shares of Transglobe Foods. The company made investors rich in the stock market. The price of one share of this company was once Rs 3.80, but in just three years, the fortunes of the investors changed.
1 lakh became Rs 24.38 lakh
The price of one share of the company in the Sensex was 3.80 paise on 14 March 2019, which became Rs 92.65 on 14 March 2022. That is, the fortunes of investors changed within three years. Anyone who had bet on this company three years ago would be in profit today. His one lakh today would have become Rs 24.38 lakh. The share price of the company has increased by 2,338 percent during this period.
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However, the company’s shares are seeing a decline. The stock of Transglobe Food saw a decline of 4.96%. Due to which the market cap of the company also came down to Rs 1.28 crore.
If we talk about the last 6 months, then the company has suffered during this period. The company is not yet listed on NSE. The company was started in 1986 in Baroda, Gujarat. The company does business related to food processing.