Multibagger realty stock trading in overbought zone; can it breach Rs 1,900 mark?
Sobha shares closed 2.10% lower at Rs 1270.25 on January 5 against the previous close of Rs 1297.50 on BSE. Market cap of the firm fell to Rs 12,047 crore
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Sobha shares closed 2.10% lower at Rs 1270.25 on January 5 against the previous close of Rs 1297.50 on BSE. Market cap of the firm fell to Rs 12,047 crore
Shares of TD Power Systems Ltd have delivered multibagger returns in the last three years. The power sector stock, which closed at Rs 29.21 on January 8, 2021 surged to a high of Rs 287.50 in the current session, clocking 884.25% returns during the period. In comparison, Sensex has surged 46.64% during the period. TD Power Systems stock has gained 99.72% in a year and zoomed 223% in two years. The company had zero borrowings at the end of September 2023 quarter.
The Indian residential estate market recovered sharply in 2023 due to various factors, such as a pause in rate hikes, a drop in key building material prices, increased buyer interest, and rising rental costs.
Multibagger stock: CG Power shares opened higher at Rs 476.15 on BSE. Market cap of the firm rose to Rs 71,324 crore on BSE.
Jupiter Wagons shares rose 4.01% intraday to Rs 345.15 against the previous close of Rs 331.60 on BSE. Market cap of the firm rose to Rs 14,017 crore.