1 lakh turning to 10 lakhs, you need to know about this company’s investments
Today, we’ll tell you about a firm whose stock has delivered investors a return of almost 1000 percent in only one year. In one year, Magma Fincorp generated a 966 percent return. A one-lakh investment a year ago has grown to ten lakhs now. Rakesh Jhunjhunwala made millions of rupees as well.
The shares of Magma Fincorp are trading in a narrow range today, despite the lack of activity. Its market capitalization has now surpassed Rs 12 lakh crore. The competitors were left in the dust. Magma Fincorp is a non-banking financial company located in Mumbai.
Which company has outperformed its rival in the previous year? Bajaj Finance’s stock has increased by over 130 percent in the last year, while Muthoot Finance’s stock has increased by nearly 64 percent. Since June 8, 2020, Bajaj Holdings shares have only been able to provide a 40 percent return. In February 2021, Magma Fincorp’s shares had a significant increase.
Adar Poonawalla’s business Rising Sun Holdings and two members of its promoter group are poised to purchase a majority interest in the company, according to a report. Magma Fincorp’s stock, which was trading at Rs 45.15 a share on January 29, 2021, has now risen to Rs 160. The company’s financial numbers are appalling. To stay updated with the latest updates on celebrities, Hollywood, sports, technology and business, stay updated with the recent news of The Midget Herald.