share Today a good recovery was observed in the market. On Tuesday, Sensex closed with a good gain of 694 points and Nifty with 217 points. Investors breathed a sigh of relief today amid the sharp decline that has been occurring for some time in the Indian market. In the meantime, however, there is also one company whose share was not affected by the decline and which continues to experience tremendous growth. You will be surprised to know that the stock price of this company has increased by 128.67 percent in just 8 days. Yes, we are talking about Vari Energies stock.
The shares were received through initial public offering at a price of Rs 1,503.
Under Vaari Energies’ initial public offering, which opened on October 21 and closed on October 23, investors were allotted shares at a price of just Rs 1,503. On October 28, the company’s shares were trading at Rs 2,500 at a whopping premium of 66.3 per cent. The rise seen in the company’s stock on the day of listing continued even after 8 days. On Tuesday, shares of Waari Energies closed at Rs 3,437.00 with a sharp rise of 14.93 percent (Rs 446.40).
Rs 10 lakh converted to Rs 25.73 lakh
That is, the value of shares of investors who received shares under the Vaari Energies initial public offering increased by 128.67 percent. Thus, if an investor had invested Rs 10 lakh in its IPO, today his Rs 10 lakh would have become Rs 25.73 lakh. Let us tell you that during today’s trading i.e. on Tuesday, the company’s share price touched Rs 3,568.80 which also became its new 52-week high. The 52-week low of the company’s stock is Rs 2,300, which had fallen due to profit booking on the trading day.
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