This stock has jumped 57 per cent in the last five sessions. In the year 2024, this stock has given 62 percent return to the investors. Source Naturals stock hit a 52-week high in the previous trading session.
New Delhi. The first half of the year 2024 has been the best half in the last three years in terms of the performance of the Indian stock market. From January to June 2024, Nifty 50 has gained 10.5 percent and BSE Sensex has gained 9.4 percent. BSE Midcap has jumped 25 percent while Smallcap has climbed 22 percent. In this period of boom, some stocks have given multibagger returns in a very short time. One such multibagger stock is Source Natural Foods and Herbal Supplements Limited share. This stock has almost doubled the capital of investors in the last one month. In the last trading session i.e. on Friday, the stock of Source Natural Foods closed with a gain of 20 percent at Rs 167.05. This is the new 52-week high of this stock.
The stock, which traded at less than Rs 200, had a market capitalisation of Rs 107.53 crore at the close of Friday (June 28). By the end of the session, 1,17,173 shares were transacted on the counter. Source Natural Foods and Herbal Supplements is founded by spiritual guru Sri Sri Ravishankar. The company sells its products under the brand name Sri Sri Tattva.
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Because of this there was a stormy boom
Source Natural recently announced that it wants to increase its share in the rapidly growing green energy sector in India. After this announcement of the company, the share price has jumped well. In a filing given to BSE on June 18, the company said that it is looking for business opportunities in the green energy sector. The company said, “The company is exploring business opportunities in green energy so that it can play an important role in this emerging sector worldwide.”
Double your money in a month
In the last one month, this multibagger stock has given 98 percent return to the investors. In this way, the money of the investors has doubled in just 30 days. In the last five trading sessions, the price of this stock has jumped by 57 percent. In the year 2024, this stock has given 62 percent return to the investors. In the long term, in the last 10 years, this stock has given a huge return of 1,575 percent, due to which the money of the investors has increased more than 16 times.
Company Profile
Established in 1998, Source Natural Foods & Herbal Supplements manufactures a diverse range of products including herbal supplements, personal care items, organic foods and natural health remedies at its manufacturing unit spread across 1.3 acres. The brand’s product line includes popular products like Amla Candy, Organic Virgin Coconut Oil, Chyawanprash, Tulsi Tablets and Kasahari Cough Syrup.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)
Tag: money making tips, Multibagger Stocks, Share Market, Stock Tips
first published : June 29, 2024, 2:25 pm IST
