Raj Rayon is a textile company based in India that is primarily engaged in the manufacturing of polyester filament yarns. The company went public in 2014. Raj Rayon shares delivered an astounding return of more than 33,000% to its investors in just two years
On March 26,2021, Raj Rayon shares were trading at around Rs 0.20 apiece, and as of March 28, 2023, the shares are valued at around Rs 67 per share on March 27, 2023, delivering around 33,400% return to its positional investors in two years
The growth of Raj Rayon shares has been truly remarkable, with the stock delivering 3,891.18% in the last one year. So far in 2023, Raj Rayon shares have soared around 83% delivering bumper returns to investors
In October 2021, Raj Rayon stock was valued at Rs 0.36. Since then, the share price has skyrocketed, and as of March 2023, it stands at Rs 68. This represents an incredible 3,841% increase in just over a year
If an investor had invested Rs 1 lakh in Raj Rayon stock two years ago, their Rs 1 lakh would have turned to Rs 3.2 crore by now, provided the investor had remained invested in this stock throughout this period
This multibagger penny stock is available for trade on both NSE and BSE. The small-cap multibagger stock's 52-week low is Rs 1.78 apiece, whereas its 52-week high is Rs 91.19 apiece on BSE
Like any investment, Raj Rayon shares come with risks. The stock has experienced significant volatility in the past, and there is always the risk that the company may not be able to sustain its growth in the future
The firm reported a weak set of earnings for the quarter ended December 2022. It posted a loss of Rs 2.29 crore against a profit of Rs 672.71 crore in the December 2021 quarter. However, sales surged to Rs 26.01 crore in Q3FY23
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