Real estate company gave more than 100 percent return to investors in just one month
Rakesh Jhunjhunwala, popularly known as the Big Bull of the stock market, invests in any stock, as if it turns into gold. Something similar happened once again, when the stock in which Rakesh Jhunjhunwala invested, it doubled in just one month. Apart from Rakesh, a veteran investor Radhakishan Damani also invested in this stock. So let us know which is such a stock, which has given such good returns.
Rakesh Jhunjhunwala is a master of spotting multibagger stocks in the stock market. Shortly before, he had invested in a real estate company. The price of which has more than doubled in today’s date. The name of this company is Prozone Into Properties, Kampani has given more than 100 percent return to its investors in the last one month itself. On May 3, where the price of this share was Rs 17.10, today the share price of the company has reached Rs 38.25.
Share of Prozone Into Properties has seen a huge jump in the last 3 days. The company had reached its 52-week high during this time. Let us tell you that the market capitalization of this Mumbai-based real estate company is Rs 530 crore. Rakesh Jhunjhunwala has taken 2.06 percent stake in this company. Jhunjhunwala holds 31,50,000 shares of this company. At present, the company has no debt of any kind, while it has assets worth Rs 2000 crores. In the month of April, the price of this share had come down drastically and the share price had reached Rs 15. But once again the company’s stock has gained momentum.