investors have fun
Overall, investors have been delighted by this boom of AK Spintex. Because the stock of this company has given a return of 230 percent in 15 days. Yes, after upper circuit for 15 consecutive days, it has achieved a growth of 230 percent. AK Spintex has topped the multibagger list of 2022.
Rs.1 lakh to Rs.3.30 lakh
A growth of 230 per cent means that anyone who has invested Rs 1 lakh in the shares of AK Spintex before 15 days (15 trading sessions) would have invested Rs 3.30 lakh today. Today the company’s stock opened at Rs 80.90 against the previous closing level of Rs 77.05. This is its upper circuit level. Even around 3 o’clock it is at Rs 80.90 with a gain of 5 per cent or Rs 3.85.
Let us tell you that there are other stocks which have doubled investors’ money so far in 2022. The number of such shares is only eight. These include Sachet Metals, KIFS Financial Services, Tranway Technologies, RTCL, Triveni Glass, Vaswani Industries, Orosil Smiths India and Daulat Securities. In just a few days of 2022, these stocks have more than doubled investors’ money so far.
Don’t know the reason for the acceleration
AK Spintex has said that it is not aware of the reason for such high growth in its stock. According to the company, the rise in the share price is “completely market driven”. A total of 44,118 shares of AK Spintex were traded in Thursday’s trading. For your information, let us tell you that AK Spintex is about 28 years old company. was done in 1994.
What is the business of the company
The company was originally started as a private limited company in the name and style of “AK Processors Pvt Ltd”. It was started on 6 October 1994. It was started with the aim of processing man-made fabrics. Later the company was converted as a Public Limited Company on 6 January 1995 to expand the business and meet its capital requirement. In the eighties there were a lot of opportunities in the textile sector. The government focused on textile development. To take advantage of this opportunity, the company decided to start a textile processing business.
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