Kolkata: In search of additional income, the inclination of many people to invest in the stock market is increasing. The upper classes leave the lower to middle classes, all flock to invest in Dalal Street. But, without doing proper research, the money is quickly drowning in the greed of big income. Many are sitting on the path by investing in the wrong stocks. So experts say, be patient, study, know the past and present of the stock you are investing in, then invest. But, a stock whose price was less than ten rupees just a decade and a half ago has created a buzz on Dalal Street. The price of which has now increased more than 40 times. Talking about the shares of Gabriel India Ltd.
If you look at the statistics, it will be seen that at the end of April 2005, the price of this stock was hovering below 10 rupees. Which has gone up to four hundred rupees this week. This is the stock’s highest gain since 2017. On November 10, 2017, the price of this stock was Tk 195. However, the price has fallen several times since then. But, from the beginning of 2023, the fate of this company opened. The price started to rise.
On July 7, 2023, the price of this stock stood at Tk 204. On September 8, the price stood above Tk 312. And in November it crossed the four hundred mark. Investors are now stressed about the rise that this stock has seen in this year alone.
Note – This is an educational report on stock market and investing. This report is never intended to encourage investment or find easy ways to make a profit. One of the aims of this report is to inform about various issues of the stock market. Note that stock market investment is always risky.