Price is less than ₹ 200, amount doubled in one month, can you bet on this stock?

New Delhi. The first half of 2024 has been the best half of Indian stock market performance in the last three years. From January to June 2024, the Nifty 50 has gained 10.5 percent and the BSE Sensex has gained 9.4 percent. BSE mid-cap has gained 25% while small-cap has gained 22%. During this bullish period, some stocks have given multi-bagger returns in a very short span of time. One such multibagger stock is Source Natural Foods and Herbal Supplements Limited Shares. The stock has almost doubled investors’ capital in the past month. Shares of Source Natural Foods rose 20 percent to close at Rs 167.05 in the last trading session on Friday. This is a new 52-week high for the stock.

The stock, which was trading at less than Rs 200, had a market capitalization of Rs 107.53 crore as of Friday’s (June 28) close. By the end of the session, 1,17,173 shares were traded over the counter. Source Natural Foods and Herbal Supplements was founded by spiritual guru Sri Sri Ravi Shankar. The company sells its products under the name Sri Sri Tattva.

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Due to which stormy wind blew.
Source Natural recently announced that it wants to increase its share in the fast-growing green energy sector in India. After this announcement of the company, the share price has seen a significant jump. The company said in its filing to BSE on June 18 that it is exploring business opportunities in the green energy sector. “The company is exploring business opportunities in green energy to play a leading role in this emerging sector worldwide,” the company said.

Double money in one month
In the last one month, this multi-bagger share has given investors 98% return. Thus investors’ money has doubled in just 30 days. The share price has increased by 57% in the last five trading sessions. This stock has given investors a return of 62% in the year 2024. Over the long term, the stock has returned a whopping 1,575 percent over the past 10 years, increasing investors’ money more than 16 times.

Company profile
Founded in 1998, Source Natural Foods & Herbal Supplements manufactures a variety of products including herbal supplements, personal care products, organic foods and natural health remedies in its 1.3-acre manufacturing facility. The brand’s product line includes popular products like Amla Candy, Organic Virgin Coconut Oil, Cheon Prash, Tulsi Tablets and Kasahari Cough Syrup.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

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