In the last day of trading in 2023, some stocks, like the one from JLA Infraville Shoppers, made investors a good amount of money.
Let’s talk about JLA’s stock: it was priced at Rs 4.58 on Friday, and it closed with a 19.90% gain compared to the day before.
The stock also reached its upper limit during trading. Back on August 3, 2023, the share price hit Rs 5.10, which is the highest it has been in the past 52 weeks.
On the flip side, the stock had its lowest point at Rs 2.17 in July 2023.
The stock has given returns of up to 50 percent to investors in the past year, but it has also fallen by more than 83 percent over the last three years.
There’s also some news about a change in the location of the company’s office. JLA Infraville Shoppers recently had a board meeting where they approved moving their office within the local limits.
This means they changed the location of their office in Bengaluru. Regarding the ownership of the company, until September quarter, the public held 99.78 percent of the stake, while the promoters held 0.22 percent.
Now, let’s look at the overall market conditions in 2023. The major indices, Sensex and Nifty, saw a rise of about 20 percent during the year.
However, on the last trading day, investors were keen on making profits, and the markets closed with a decline.
The 30-share BSE Sensex dropped by 170.12 points, or 0.23 percent, closing at 72,240.26.
The National Stock Exchange (NSE) index Nifty also closed at 21,731.40, with a decline of 47.30 points or 0.22 percent.
During the day’s trading, Nifty had slipped by 101.8 points to 21,676.90 at one point.
