Analysts see strong tailwinds for the stock and have set a target price of up to Rs 5,006
That means, a Rs 20,000 investment made in the company last year would have become Rs 1.09 lakh at present
The BSE Smallcap index has outpaced benchmarks by a wide margin since May last year
Antique Stock Broking said: "Our analysis suggests that macro green shoots are visible in globally linked sectors like metals and IT services."
Shares of the company have soared 707% to Rs 57.90 on May 28, 2021 from Rs 7.17 on May 28 last year
An investment of Rs 1 lakh in the company a year ago has grown to Rs 11.24 lakh now
Value migration creates massive opportunity for sectors which see value inflow.
Shares of RIL traded nearly 6% higher at Rs 2,096.35 at around 3.11 pm (IST). On the other hand, the benchmark BSE Sensex was up 0.59% at 51,419 at around the same time
Brokerage ICICI Securities believes that Nifty may hit 16,400-mark by September
China was the first country to witness the trend of revenge spending after lockdown