The company's income is zero .. but the stock is soaring .. Rs 3 lakh per month!

The company's income is zero .. but the stock is soaring .. Rs 3 lakh per month!

Company's performance is not good. But the share price is running high. Offering returns to investors. Wondering what that stock is? that is Vegetable Products

Company's revenue is zero. But the company's share price is running high. Wondering what the heck is going on with a company that is not performing well? What do you think of that company? But you need to know this. There is a company called Vegetable Products. It makes edible oil.

The company's revenue for the 2020-21 financial year was zero. However, the share price of the company is skyrocketing. Over the course of the month the share price rallied over 200 per cent. Looking at the performance of the same year .. The share price has run over 1000 percent.

The stock market has also come under pressure as the number of Omicron cases has increased. Under such circumstances investors are looking towards penny stocks. These are less expensive. It should also be noted that the market cap is also low.

Also Read : Stocks In News: Interglobe Aviation, RBL Bank, Sigachi Industries, and other stocks

Yet the risk of these is also very high. Even so, owning one is still beyond the reach of the average person. That is why investing in good penny stocks can bring high returns.

If the vegetable products company tracks the share price .. This small cap share has rallied 985% during the last year. On December 28, 2020, the share price was just Rs 2. On December 28, 2021, the share price rose to Rs 21.

This means that the share price rallied higher than the benchmark indexes. If you look at this year .. that is, in 2021, the share price increased by 832 percent. Shares of Vegetables Products have risen 476 percent over the past six months.

The share price has risen 204 percent in the last month or so. Also, over the last five years, the share price has risen by 340 per cent. The company currently has a market cap of Rs. 231 crores.

The share price has started rising since November 25, 2021. However, investing in this stock is a risky business. This is because the share book value is negative. The company reported losses of Rs. 15.6 lakhs. Company turnover zero in the same year. The company has been out of production since July 2011.

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