Multibagger Stock: Despite the global economy battling the heat of the Covid-19 pandemic, the Indian stock market has produced a good number of multibagger stocks over the past two years. Over these two years, Dalal Street has witnessed a participation rally in which Sensex, Nifty, small-cap, mid-cap and even penny stocks have delivered stupendous returns to their shareholders. Cresanda Solutions Limited listed on BSE is one such multibagger stock. Over the past year, this penny has grown from stocks. from 0.61 32.15 Each level provides approximately 5200 percent return to its investors over this period. Small-cap stocks are in the news for gains these days 1500 Cr Order Due to this positive development, Small-cap Multibagger Penny Stock has impacted the upper circuit for 5 consecutive sessions.
Cressanda Solutions Ltd Share Price History
multibagger penny stock It has been in consolidation phase for the past few months. Smallcap stocks have registered a decline in the last one month from 44.60 The level of 32.15, logging close to 28 percent in this period. In YTD time, this multibagger has moved above the stock from 6.79 32.15 level, an increase of about 375 percent over the period. Over the past 6 months, the Multibagger Penny Stock has risen by 4.07 32.15 level, appreciating 700 per cent.
Similarly, in the past one year, this penny has become a multibagger after the stock bounce. from 0.61 At 32.15 level, returns close to 5200 per cent in this period.
impact on investment
If an investor had invested 1 lakh in this stock a month ago, its would have turned into 1 lakh 72,000 today when it would have changed 4.75 lakhs in YTD time. Similarly, if an investor had invested 1 lakh in this multibagger stock 6 months ago, its would have turned into 1 lakh 8 lakh today
Similarly, if an investor had invested 1 lakh in this multibagger stock a year ago, its would have turned into 1 lakh 53 lakh today
Cressanda Solutions Ltd was recently in the news for securing multimillion deal. The company has announced that it has entered into an agreement with a large institutional client to provide technology-driven infrastructure solutions to address the problem of passenger experience in India. The company is poised to innovate, design and deliver large business projects with technology and software services at its core. Software services include business applications development, data science, cloud, migration, business process optimization, digital media, technology implementation and maintenance services.
Cressanda Solutions will play a vital role in managing the overall operation of this prestigious project which is estimated to cost 15,000 MN INR ( 1500 crores) in a fully functional year. With its strategic partners, its technology, equipment and program management capability, Cressanda will drive a highly efficient program to deliver optimum margins. The focus on the end consumer experience is expected to increase the conversion or hit rate which will enable maximum revenue. Cressanda is continually investing in an experienced top notch team, technology, equipment and ground fleet.
Following this multi-million order spread, the small-cap multibagger penny stock has been hitting the upper circuit for the last 5 trade sessions, gaining close to 21 per cent in the past one week.
The current market capitalization of the stock is 1281 crores and Tuesday’s trading volume on BSE is 6,77,312. It has a 52 week high 52.10 while its 52-week low is . Is 0.59 each level.