Jobaaj Stories
The markets have been recovering these days but individuals have certainly lost money. The average investor right now is hoping that bulls drive up the stock in which he has invested.
In lieu of that, in our series of small-cap stocks that have been performing quite well, we add another name to the list: Sanmit Infra Ltd.
Sanmit Infra Ltd. (SIL) is a company under the management of the Makhija Group which started as "Haresh Agencies" under the guidance of Mr. Kanayalal C Makhija in 1968.
This small-cap rose for 32 consecutive sessions registering growth of 200%, read now.
The company has three main services: Petroleum, Infrastructure, and Bio-Medical Waste treatment. It began its real estate business in 1994. The company is a petroleum dealer authorized by HPCL. The company has set up a state-of-the-art factory for Bio-Medical Waste Disinfectant equipment.
The stock of SIL was listed on the Indian stock exchanges in June 2002. The IPO had a price of Rs 20 per share and each lot had 400 shares. However, the stock got listed on the bourses at a discount of Rs 7.75 per share.
The listing day brought a loss of 36% to investors as the stock closed at Rs 12.75 per share on its first day. In the next three sessions, the stock saw an upward movement as it reached a high of Rs 16.50 per share, but collapsed soon after.
The stock fell consistently as it was trading around Rs 4 per share a month after its listing. The stock traded around the same price for the next 7 months after which the stock fell below Rs 3 per share. It broke through Rs 2 per share a few months later and touched a lifetime low of Rs 1 per share in February 2004.
However, the stock rebounded after that as it traded in the range of Rs 2-6 for the next 7 years. In late November 2010, the stock saw a sudden surge as the stock jumped for 24 consecutive sessions to break through the barrier of Rs 6 per share.
From late 2010 to December 2018, the stock traded in the range of Rs 5-10 per share. After a brief trade suspension in December 2018, the stock resumed trading at over Rs 10 per share. In 24 trading sessions, the stock surged over 300% to reach Rs 44.45 per share.
Although the stock registered some decline, it remained in an uptrend as it traded at around Rs 30.70 per share in July 2019. In January 2020, the stock breached the Rs 50 mark and by January 2021, the same stock surged 108% to reach Rs 104 per share. On Friday, 29th July 2022, the stock closed at Rs 427 per share, marking a gain of 1,291% in 3 years!!
An investment of Rs 10,000 in the stock of the company in July 2019 would've grown to Rs 1,39,100 in July 2022.
The stock trades around Rs 434.00 per share today, up 2.8%.
Article by Aman Agarwal.
This news piece is brought to you in association with jobaaj.com
