In April 2020, the corporate’s shares have been at 22 paise apiece.
The firm’s inventory value rose by about 271 per cent from the final yr. Similarly, it has given a return of 25.12 per cent within the final three months.
Investors all the time search for penny shares which may yield them multi-bagger returns in the long term. Among many penny shares which frequently submit excessive returns at NSE, Comfort Intech is one among them. This Indian-based dealer and provider firm has posted multi-bagger returns of over 3000 per cent within the final 4 years.
In April 2020, Comfort Intech’s shares have been at 22 paise (Rs 0.22). Today, it has closed at Rs 10.06 at NSE. Any investor who would have invested Rs 5,000 in April 2020, would now have a financial institution assertion of Rs 2,50,000 from this penny inventory alone. Similarly, the cash of those that invested solely Rs 10,000 would have turn out to be Rs 5 lakh. Today, March 15, the market capitalisation of the corporate stands at Rs 321 crore.
Comfort Intech firm was based in 1994. It was beforehand named Comfort Finvest Limited. In 2000, the corporate modified its title to Comfort Intech Limited (CIL) to acquire a brand new Certificate of Incorporation. It is a public restricted firm that offers in commerce items, manufacturing liquor, buying and selling in shares and mutual funds, financing and leasing of immovable properties. The headquarters of the corporate is positioned in Mumbai, India.
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The firm’s inventory value rose by about 271 per cent from the final yr. Similarly, it has given a return of 25.12 per cent within the final three months. One month noticed the returns of 11.90 per cent. Currently buying and selling with a downfall at Rs 10.06, the 52-week excessive of this inventory has been Rs 12.28, which was on February 27, 2024.
In the third quarter of the present FY 2023-24, the corporate reported a income of Rs 46.03 crore which is 25.63 per cent larger if in comparison with the identical interval in 2022. This is a 71.82 per cent improve in income from the earlier three months. As of March 2023, the corporate reported income of Rs 142.4 crore, whereas revenue was Rs 8 crore. If we have a look at the sample of shareholders, 57.46 per cent of shares are with the promoters, whereas 42.54 per cent of shares are held by the general public.
