A penny stock in the textile sector has seen a significant increase in value after a 10:1 stock split and an increase in stake by Foreign Institutional Investors (FIIs). The stock, which is priced under Rs 60, has hit an all-time high with a 15 times increase in trading volume.
This multibagger stock has caught the attention of investors on Dalal Street, with many seeing potential for future growth. The stock split has made the shares more affordable for retail investors, while the increased stake by FIIs signals confidence in the company’s prospects.
The surge in trading volume indicates strong interest in the stock, as investors look to capitalize on the potential for substantial gains. The textile sector has been performing well, and this particular stock seems to be benefiting from the positive sentiment in the market.
Overall, this penny stock has shown impressive growth potential, attracting attention from investors looking for opportunities in the textile sector. With the recent developments driving up the stock price, it will be interesting to see how the company continues to perform in the coming months.