The stock of real estate company Prozone Intu Properties has given a return of more than 100 percent in the last one week. That is, investors’ money has doubled in just 7 trading sessions. Whereas in a month it has given 150% return to its investors. (Photo: Getty Images)
Actually, the share price of Prozone Intu Properties was Rs 20.70 on NSE on 26 May. Which has increased to Rs 42.15 after a week on 4th June. That is, the share price has doubled in 7 trading sessions. At the same time, on May 6, a month ago, this stock was worth Rs 16.80 on NSE. (Photo: Getty Images)
By the way, it is a penny stock. But two of the country’s biggest investors are investing extensively in this stock. The stock market’s big bull Rakesh Jhunjhunwala holds 2.06% in Prozone Intu Properties, he has added this company to his portfolio during the March quarter itself. (Photo: Getty Images)
At the same time, another veteran investor Radhakishan Damani has 1.26 percent shares of this company. Both these investors have decades of experience. Both of them understand the pulse of the market. Before investing in any company, let’s explore its business. So whether to bet in the company or not. Almost all the stocks included in his portfolio are good returns.
Prozone Intu Properties Company does not have any debt, and its total assets are more than Rs.2000 crores. After a strong rise in its stock, the company’s market cap has increased to Rs 643 crore. For the last several days, there is a continuous upper circuit in this stock.
Not only this, after the upper circuit on Friday, this Penny Stock has reached its highest level of one year (52 weeks). This Mumbai based real estate company was established in the year 2007. However, before investing in any stock, consult a financial advisor. Avoid investing in any stock without research.
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