In the last one year, the stock of this Basmati company rose from Rs 38 to Rs 815. An increase of about 2,000 percent has been registered during this period.
The stock has given returns of up to 2000 per cent in one year.
covid-19 pandemic (Covid-19 PandemicDomestic stock market after the second wave of (stock marketIn the year 2021, a good number of stocks have joined the list of multibagger stocks. GRM Overseas (GRM Overseas) share is one of them. The company is one of the leading Basmati Rice exporters of India. The stock price has risen by 300 per cent in just three months. This multibagger stock is growing rapidly due to the stock split. Basmati rice exporter company has announced that it has joined India’s largest business-to-business (B2B) e-commerce platform Udaan. Now its subsidiary GRM Foodcraft Private Limited (GFK) 10X rice brand will be available on the B2B platform.
Upper circuit installed in stock- In Monday’s trading, there was an upper circuit of 5 percent in the stock of GRM Overseas on the BSE. On the BSE, the stock rose 5 percent to a 52-week high of Rs 815.35. The shares of GRM Overseas have given huge returns to their shareholders in recent times.
Shares up 75 percent in one month
In the last one month, GRM Overseas Share has given returns of 75 per cent to its investors. During this, the share price increased from Rs 459.50 to Rs 815.35. In the last 6 months, this multibagger stock has increased from Rs 160 to Rs 815.35. During this period, an increase of 400 percent was registered.
20 times jump in one year
Similarly, in the last one year, this multibagger stock has jumped 2000 per cent or 20 times. This multibagger stock has climbed from Rs 38 to Rs 815.35 during this period.
In July 2021, the company had issued bonus shares in the ratio of 2:1 i.e. two bonus shares for every equity share held in the company. Subsequently, the company split the stock to increase the liquidity in the capital market, increase the shareholder base and provide exposure to small investors.
GRM Overseas was initially established as a Rice Processing and Trading House. Now it is moving towards becoming a consumer best organization. GRM sells products under its own brands. The company also sells through private label arrangement under 10X, Himalaya River and Tanoush brands apart from customer brands.
impact on investment
If an investor had invested Rs 1 lakh in this stock a month ago, then his 1 lakh would have become Rs 1.75 lakh today. If an investor had invested Rs 1 lakh in this multibagger stock six months ago, then his 1 lakh would have become Rs 5 lakh today. Whereas in a year it would have become Rs 21 lakh.
Let us tell you that categories like Lifestyle, Electronics, Home and Kitchen, Staples, Fruits and Vegetables, FMCG, Pharma, Toys etc are operated in Udaan.