BSE SME stock gives 76% return in last 9 trade sessions. Do you own

12 Jan , 2022 By : Kanchan Joshi

Multibagger stock for 2022: Year 2021 was a remarkable one for Indian stock markets as it managed to scale record high despite global economy reeling under the Covid-19 pandemic heat. So, after ushering into the New Year, stock market investors are busy finding out potential multibagger stocks or multibagger penny stocks for 2022. For such positional investors, they should continue with their conviction and hold the stock they have in their portfolio as some of the stocks have already given whopping return to its shareholders. Clara Industries shares are one such stock. The BSE SME listed stock has shot up from Rs42.80 to Rs75.40 apiece levels in last 9 trade sessions, yielding around 76 per cent return to its investors.

Clara Industries share price history

The BSE SME stock had closed at Rs42.80 on 30th December 2021 and afterwards it has been ascending continuously. The SME stock today opened with an upside gap of Rs5.95 per shares and went on to hit 20% upper circuit after hitting its lifetime high of Rs75.40 per share levels. So, if we look at Clara Industries share price rally in last 9 trade sessions, it has ascended from Rs42.80 to Rs75.40 apiece levels, logging to the tune of more than 76 per cent rise in this period.

Clara Industries IPO details

The public issue of Clara Industries got listed on BSE SME exchange on 29th December 2021. Clara Industries IPO hit the primary markets in December at price band of Rs43 per equity share. One lot of the IPO comprised 3000 company shares that means an applicant had to invest at least Rs1.29 lakh ( Rs43 x 3000) while applying for the public issue.

The public issue listed on BSE SME Exchange on 29th December 2021 at Rs43.20 apiece levels and closed at Rs44 after making its day high of Rs45.30 and day low of Rs43.20 per share. The SME stock closed at Rs42.80 levels on 30th December 2021.

Impact on investment

If an allottee had remained invested in Clara Industries till date after share allotment, its Rs1.29 lakh would have turned to Rs2,26,200 today.