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Penny Stock: Investing in penny stocks is very risky. But often these small shares also give big returns. Today we are telling you about a stock which has made its investors millionaires in a short time. We are talking about Shree Adhikari Brothers Television Network share. This stock is in constant focus. The company's shares hit an upper circuit of 2 percent today and reached a 52-week high of Rs 1146.40.
Upper circuit imposed in 140 trading sessions
Let us tell you that from the last 140 trading sessions i.e. from 03 April 2024, the shares of the company are continuously trading above 2%. Let us tell you that after reduction in share capital, the stock was re-listed on the stock exchange on 02 April 2024 at a price of Rs 41 per share. Since then this stock is hitting upper circuit every day. That means during this period a strong increase of 2696 percent has been seen.
Converting Rs 1 lakh to Rs 6 crore in one year
The company's shares have given a strong return of 39,000% in ten months so far this year and 69,000% in the last one year. On October 23, 2023, the shares of the company will be worth Rs. It was 1.60 o'clock. That means, according to the current price, an investment of Rs 1 lakh in the company's shares increased to more than Rs 6 crore in one year. Earlier this year, on January 1, 2024, Shree Adhikari Brothers' shares were priced at Rs. Were at 2.90. At present the market cap of the company has reached Rs 2,908.77 crore.