Fashion | Market Reports

Fashion stock gives 46% of return in Stock Market within 6 sessions.

Published: January 29, 2022
Author: DIGITAL MEDIA EXECUTIVE
Stock market today: In the last 6 trade sessions, this fashion stock has surged from ₹29.05 to ₹42.65 apiece levels today, logging around 46% rise in this period.
Despite heavy selloff at key benchmark indices for the last two weeks, some small-cap stocks have managed to generate alpha returns to their shareholders. While some of them managed to enter the list of multi-bagger stocks in 2022, some of them have delivered stellar returns in a few sessions. Bhakti Gems and Jewellery shares are one of them. In the last 6 trade sessions, this fashion stock has surged from ₹29.05 (close price on 19th January 2022 on BSE) to ₹42.65 apiece levels today, logging around 46% rise in this period.
As mentioned above, Bhakti Gems and Jewellery share price had a closing of ₹29.05 on 19th January 2022. Afterward, the fashion stock has been appreciating and has come at ₹42.65 per share levels. In fact, the stock has hit a 5 percent upper circuit on 3 out of 5 last sessions and it has happened despite weakness in the Indian stock market. The stock has been giving robust returns to its shareholders for the last few months. In the last one month, it has risen from ₹14.71 to ₹42.65, appreciating to the tune of 190 percent in this period. Similarly, in the last 6 months, this stock has surged from ₹17.85 to ₹42.65 levels, clocking around a 140 percent rise in this period. Bhakti Gems and Jewellery has informed Indian exchanges about the bulk deals it has executed in the last year. This bulk deal detail is available on the BSE website. In this bulk deal information, a good number of micro ace investors like Naveen Gupta, Yacoobali Aiyub Mohammad, Vijay Chandumal Devnani, Kunal Ashok Kumar Shah, Sanjay Dey, Sumit Laha, etc., have invested in the company. Broker firm Share India has also invested in the small-cap company which has a market capitalization of ₹42.71 crores.
As per the share price history of Bhakti Gems and Jewellery, its 52-week high is ₹91.95 that it had made in the month of February last year whereas its 52-week low is ₹10.60 it made recently in the month of November 2021. A fashion company’s book value per share is a little over 15 whereas its trade volume is 2,34,295 which is below its 20-day average trade volume of 3,86,535.

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