By Malvika Gurung
Investing.com -- We bring to your focus a stock that debuted on the Indian bourse BSE two weeks back. The micro-cap stock has already made its way to the list of multibaggers on Dalal Street in 2022, hitting consecutive upper circuits on all the sessions since its listing on the domestic exchange.
EP Biocomposites, a sanitation technology services provider debuted its shares on BSE on September 13, 2022, and has hit consecutive upper circuits since then for the past 13 sessions despite high volatility in the overall market.
Over the past 6 sessions, the 30-scrip Sensex has lost a total of 3,121.5 points, while Nifty50 has slipped from the 17,000 mark. Investors on Dalal Street have lost nearly 15 lakh crore of their wealth in the period.
However, those who invested in EP Biocomposites on the day of its listing at Rs 160.25/share would have generated returns of a whopping 116.5% as of Sept 29. Its shares hit a 10% upper circuit at Rs 346.95 apiece on Thursday.
In only 13 sessions, the micro-cap scrip has jumped from Rs 160.25 apiece to Rs 346.95. The company’s IPO was launched at a fixed band of Rs 126/share and was listed on the Indian exchange on Sept 13 at a 27% premium.
The stock closed at Rs 168.25/share on its listing day, rallying 106.2% until today.
On Sept 21, the Singapore-based FII Nav Capital VCC- Nav Capital Emerging Star Fund purchased 12,000 shares of EP Biocomposites for Rs 224.15/share, generating Rs 26,89,800 crore for the latter from the deal.
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