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There has been a decline in the stock market for the last few days. However, in the last one year, some stocks have given returns of several hundred times. The stock we are talking about today has given a return of 2300 percent in just 11 months. The most important thing is that the IPO of the company came only in December 2023 and since then the movement of the share has remained upside. However, a decline is being seen after 12 November 2024.
Rs 35 reached 998
The share we are talking about is Trident Techlabs. When the IPO of Trident Techlabs came in December 2023, its price was Rs 35. But when this IPO opened on 29 December 2023, the price of one share was Rs 98.15. That means almost 180 percent increase. After this, the price of this share increased to Rs 103.5 on the same day. That is, if we look at it at Rs 35, a rise of 194 percent was seen in this share on the very first day.
2300% rise in 11 months
Shares of Trident Techlabs closed at Rs 860 on Thursday. However, if we talk about its 52 week high level, it is Rs 998. If seen at Rs 35, Trident Techlabs has given returns of around 2300 per cent in the last 11 months. Whereas, if we talk about its 52 week low, it is Rs 93.25.
IPO was heavily subscribed
When the IPO of Trident Techlabs came, it was subscribed 763.30 times. In this, the quota of retail investors was subscribed 1059.43 times and in the institutional investors category it was subscribed 854.37 times. Whereas, the quota of qualified institutional buyers in the IPO was subscribed 117.91 times. Talking about retail investors, they could apply for only one lot. There were 4000 shares in one lot.
Meaning, if a retail investor had got this IPO, his investment would have been Rs 1 lakh 40 thousand. Now this Rs 1 lakh 40 thousand has become Rs 34 lakh 40 thousand. These are according to today’s prices. If someone had sold it at 52 weeks high i.e. Rs 998, he would have got Rs 39 lakh 92 thousand. If we subtract the investment of Rs 140000 from this then the net profit will be Rs 38 lakh 52 thousand.
