If you get a share for less than Rs 10, there are more people who want to invest in it. One such is BSE-listed readymade garment maker Samtex Fashions.
MUMBAI: The number of people worried about the future is not small in the face of soaring inflation.
That is why investors want to look for the best stock market. But the number of people trying to get the lowest price (Penny Stocks) and the highest number of shares is very high.
Therefore, if you get a share for less than Rs 10, there are more people who want to invest in it.
One such is BSE-listed readymade garment maker Samtex Fashions. Shares of Samtex traded at Rs 1.51 on october 29.
Now it has crossed four rupees. Investors gained about 160 per cent in one month. With this, investors are holding shares.
The market capitalization of the company is only `28 crore. The stock has gained 700% in a year.
In the textile sector, PLI (Production Linked Incentives) scheme announced for companies is believed to be the reason for the sharp rise in share prices. The company started operations in 1993.
It exports high-quality products, including to developed countries.
The Covid variant has caused a great deal of consternation in the stock market, with the new Kovid variant B.1.1.529, which was found in south africa to be worth Rs 6.5 lakh crore by indian investors.
Investors in the indian stock market evaporated by Rs 6.5 lakh crore. Foreign investors were already disappointed in the domestic market as global inflation remained high. On top of this, fears of a new Kovid expansion loomed.
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