On Friday, the stock market went up a lot, which is good news for investors.
People wanted to buy shares of a company called Penny Share Mega Corporation Limited, and the price went up to Rs 2.93, which is 10 percent higher.
Back on September 1, 2023, the price was Rs 3.16, the highest in the last 52 weeks. In March 2023, it was the lowest at Rs 1.26.
Returns on investment: This company’s shares have been doing well. In just one week, it gave investors more than 17 percent returns compared to the BSE Sensex.
In a month, the returns were around 35 percent, and over a year, it’s been more than 50 percent.
Quarterly results: For the three months ending in September, the company made sales of Rs 0.85 crore, which is 2.08 percent more than last year.
The net loss in this quarter was Rs 0.04 crore, a 120.86% improvement from a year ago when it was Rs 0.19 crore. The Ebitda is Rs 0.54 crore.
Ownership and key people: The people who started the company (promoters) own 51.86 percent of it, while other people (public) own 48.14 percent.
There are 6 individual promoters, and the main one, Kunal Lalani, has 33,95,000 shares.
Stock market situation: On Friday, the BSE Sensex went up by 847.27 points (1.18 percent), closing at a record high of 72,568.45. It even reached 72,720.96 during the day.
The NSE Nifty also closed at a record high of 21,894.55, going up by 247.35 points (1.14 percent), reaching 21,928.25 during trading.
