Multibagger inventory: Sturdy return of 305% in 21 months, share is in focus as a result of partnership – INA NEWS

Multibagger inventory: Main fintech firm MOS Utility Restricted has given wonderful returns to its traders in a brief time frame. The corporate’s shares have seen a powerful rise not too long ago. This inventory has misplaced about 25 p.c within the final 6 buying and selling days. The corporate has partnered with Rhiti Sports activities Group by means of its subsidiary MOS LOG Join, as a result of which this inventory is in focus.

At present, on January 22, this inventory closed at Rs 308.15 with a decline of two p.c. The market cap of the corporate is Rs 768.39 crore. The inventory’s 52-week excessive is Rs 374.95 and 52-week low is Rs 119.15.

MOS Utility companions with Rhiti Sports activities Group

MOS Utility, by means of its subsidiary MOS LOG Join, has partnered with Spacemantra Options of Rhiti Sports activities Group, which goals to disrupt on-line Lotto ticket gross sales in India. Below this partnership, MOS Utility will act as a grasp advertising and marketing agent. The corporate will guarantee safe and easy entry utilizing its community and know-how. This initiative helps the “Digital India” imaginative and prescient, creates jobs and will increase transparency throughout the nation.

One other information is that Overseas Institutional Investor (FII) Albula Funding Fund has purchased 2.2 lakh shares of the corporate at a mean worth of Rs 306.99 per share. In the meantime, one other FII Minerva Ventures Fund offered the identical variety of shares at Rs 307 per share, indicating a reshuffle in stake.

Sturdy return of 305% in 21 months

The IPO of MOS Utility got here at a worth of simply Rs 76 per share. Its shares have been listed on the NSE SME platform on 18 April 2023. The traders who had invested cash in its IPO and haven’t offered its shares until date, are sitting on a revenue of about 305 p.c after 21 months. Its shares have been listed at a worth of Rs 90 and at this worth until now it has given a powerful return of about 242 p.c to the traders.

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