Unishire Urban Infra Ltd’s stock: Some people try to make money by investing in penny stocks.
It can be risky, and you might gain or lose money. Recently, a penny stock called Unishire Urban Infra Limited surprised investors by going up in value.
This company deals with real estate, and its stock increased by 20% for two days in a row.
The stock price of Unishire Urban Infra rose to Rs 2.46 on Tuesday and then to Rs 2.95 on Wednesday.
In January 2023, it reached its highest value of Rs 3.15, but back in June 2023, it was at its lowest of Rs 1.22.
In one week, the stock increased by over 50%, and in three months, it went up by around 90%.
Who owns the shares?
The owners of Unishire Urban Infra shares include the promoters (owners of the company) who have 18.06% of the shares, and the public owns the remaining 81.94%.
There are four individual promoters: Kriti Kantilal Mehta, Vinay, Prateek, and Nutan Mehta, who together own 44,00,000 shares of the company.
Watchlist for shares
Unishire Urban Infra shares are under Additional Surveillance Measures (ASM) Stage 1. ASM is a system created by the Securities Exchange Board of India (SEBI) and the stock exchanges to protect investors and boost confidence in the market.
It has two categories: long term and short term. Being in the ASM category does not affect the company’s regular operations.
Shareholders will still receive benefits like dividends, bonuses, and stock splits as usual.
