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In the midst of volatile markets, where the Nifty touched 18,000 and breached 16,000 within a span of 6 months, investors have been cautious. Rising inflation and stressed geopolitical conditions have reduced risk appetite as major stocks have reported a record decline. However, Cressanda Solutions has managed to report massive profits amidst these difficult times.
Cressanda Solutions is a services-based company incorporated in 1983 in Mumbai. The company provides tech services, project management services, training services, and building and co-opting startups mainly in Health, Education, Agriculture & Food, Livelihood, and Environment & Renewables (HEALER).
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The company was listed in April 2000 and was extremely speculative from the get-go jumping and declining 5% or higher on a regular basis. In February 2013, the stock was placed on a trade suspension when it was priced at Rs 1.30 per share. After reopening a month later, the share opened at Rs 39.89 per share, jumping over 2900% at the time. However, the stock declined and subsequently fell below Rs 1.00 per share in 2019.
In June 2021, the stock was priced at Rs 0.64 per share. The stock witnessed sharp growth after November 2021 as it began jumping 5% once again. The stock peaked at Rs 51.20 per share in early May after which it declined for 12 consecutive trading sessions.
However, the stock turned the other direction as it continued moving upwards as it closed on Thursday at Rs 35.40, moving up for the past 7 consecutive trading sessions. Any individual who invested Rs 1 lakh into the shares of the company in June 2021, would have capital gains of Rs 54.31 lakhs today.
Article by Aman Agarwal.
This news piece is brought to you in association with jobaaj.com
