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New Delhi: It is said that few people can guess the stock market. When which share should become rich in day and night, when it is poor; Nothing can be said. This is what has happened in the last few years. During the year 2021, many stocks have made investors rich. But there are some such stocks which, as fast as they had climbed, are coming down as fast.
Buyers at high level at a loss
Many penny stocks have given bumper returns to investors in 2021. Many stocks have given returns of crores even on investment of one lakh. In the midst of all this, there is such a penny stock, which first made a fast record but now it is also coming down fast. If you had invested 1 lakh in this stock a year ago, you would have been in profit but if you had bought it at a higher level then you are at a loss.
Shares soared by 35 paise
The penny stock we are talking about is related to the agriculture sector. The name of this company is Proseed India. The share of this company was 35 paise on 25 January 2021. At one time this stock also touched a high of Rs 194. At that time, the amount of those who invested one lakh rupees in this stock had increased to Rs 2.88 crore. But now this stock is coming down continuously.
Shares fell to Rs 73
If you have invested in this stock at minimum level then you are in profit. But investors who invest at higher levels are at a loss. In the session that closed on Monday, the stock fell by Rs 3.40 to a level of Rs 73. However, the matter of relief is that the 52 week low of this stock is Rs 71.30.
You can understand the loss due to the share in such a way that if you had invested 1 lakh rupees in it at a high level of 195 rupees, then today it would have come down to 37 thousand rupees.
This company is involved in the trading and seed business of Agri Commodities. It is engaged in research, development, production, processing, marketing and trading of various types of seeds and vegetables. The company was established in 1991 and is headquartered in Hyderabad.
