As of Tuesday, the closing worth of the shares stands at Rs 7.13.
Examining the shareholding sample of the corporate reveals that 64.72 per cent stake is held by the promoters, whereas the remaining 35 per cent is within the palms of the general public.
Penny shares, with their attraction of doubtless huge returns, have at all times captured the eye of frequent buyers within the inventory market. Priced at Rs 5-10 and even much less, these shares typically change into magnets for these searching for fast features. Over the previous few years, penny shares have certainly delivered astonishing returns, with some witnessing meteoric rises from simply Rs 2 to Rs 30-40.
In current instances, one such penny inventory has been making waves out there, attracting appreciable investor curiosity. Kenvi Jewels Limited, an organization buying and selling in gold and gold jewelry, has seen a exceptional surge in its inventory worth, with returns hovering by a whopping 40 per cent in only one week. The momentum continued because the inventory surged by 18 per cent over two days on March 21 and 22. As of at the moment, share costs of Kenvi Jewels stand at Rs 7.13 after the market closed, opening at Rs 7.40. The returns for the inventory have seen an increase of round 20 per cent over the previous 12 months, other than the 40 per cent rise within the final week and a 5.94 per cent rise during the last month.
What units Kenvi Jewels aside is its current revival after a interval of decline. Despite dealing with a number of days of downward motion, the inventory witnessed a major uptick, closing at Rs 7.19 on March 22. Notably, in June final 12 months, the corporate’s shares had reached a excessive of Rs 15.70, indicating the potential for substantial development.
Delving into the enterprise mannequin of Kenvi Jewels Limited primarily focuses on the buying and selling, manufacturing, wholesale, and retail sale of gold and gold jewelry. This various strategy positions the corporate inside a profitable section of the market, tapping into the enduring attraction of treasured metals.
Examining the shareholding sample of the corporate reveals that 64.72 per cent stake is held by the promoters, whereas the remaining 35 per cent is within the palms of the general public. This distribution underscores the arrogance of the promoters within the firm’s prospects and provides a layer of assurance for potential buyers.
The journey of Kenvi Jewels’ shares displays the dynamic nature of the inventory market. From buying and selling at Re 1 in 2018 to witnessing a low of 40 paise, the inventory has skilled its justifiable share of fluctuations. However, by June 2023, it had surged to the spectacular degree of Rs 15, demonstrating a exceptional development trajectory.
