1. News

Want to Become Rich! Turn Rs 1 Lakh into 75 Lakh in A Year; Apply This Magic Trick

Pronami Chetia
Pronami Chetia

Are you nervous about the stock market? If your answer is yes, then you already know that stock market is undoubtedly a risky place. But if the right share is in your hand then no one will stop you from becoming rich. But you need to apply few strategy for this.

Here, you can earn a splash from a single share.

While investing in large-cap companies is recommended in the stock market, small and mid-cap can also give good profits. However, mid- and small-cap stocks are at a higher risk as compared to large caps. It is one such stock which has gained a strong advantage in the last one year. The name of this stock is Transglobe Foods.

Though the stock has continued to decline amid this corona crisis, the stock has fallen drastically in the last few days. The stock has been falling continuously since October 28. So before investing keep in mind that this type of trend is often seen in small companies. Once continuously rising, such stocks also fall continuously. However, the reason behind the current decline in this stock is that of profit booking. Investors have sold shares of the company when the stock has risen significantly.

How much is the market capital?

The market capital of this company is only 3.05 lakh crores. The stock has a peak of Rs 302.25 for the last 52 weeks. It opened at Rs 210.60 against the closing level of Rs 214.85 on Friday and there was no change till the end. It closed at Rs 210.60, down Rs 4.25 or 1.98 per cent on Friday.

However, the stock has fallen drastically in the last few days. The stock has been falling continuously since October 28. So before investing keep in mind that this type of trend is often seen in small companies. Once continuously rising, such stocks also fall continuously. However, the reason behind the current decline in this stock is that of profit booking. Investors have sold shares of the company when the stock has risen significantly.

How much is the market capital?

The market capital of this company is just Rs 3.05 lakh crore. The stock has a peak of Rs 302.25 for the last 52 weeks. It opened at Rs 210.60 against the closing level of Rs 214.85 on Friday and there was no change till the end. It closed at Rs 210.60, down Rs 4.25 or 1.98 per cent on Friday.

Firm's financial data

The firm had a loss of Rs 0.19 crore in FY 2018-19, while it reported a net profit of Rs 0.18 crore in 2019-20. Earlier in 2017-18, it had a net loss of Rs 0.25 crore. These figures indicate the size of the company, which is very small.

34 year old company

The company is not listed on the NSE. It is a food processing company and focuses on canned vegetables, fruits and many other products. The company, located in Baroda, Gujarat, was established in the year 1986. As far as investment is concerned, be sure to assess your risk profile before investing in the stock market. Before investing, invest according to the advice of financial advisors and broking firms. Like other options in the stock market, investing for a long time is recommended.

Like this article?

Hey! I am Pronami Chetia. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters