Multibagger Stocks: Rush to buy ‘Ha’ shares at one rupee, continuously on the upper circuit for the last few days

On Thursday, Sun Retail’s share price rose 10 percent to Rs 1 from its previous close of 91 paise. On January 10, 2024, the share price went up to Rs 1.14. This is the stock’s 52-week high. According to this, it can be said that the stock is close to its 52-week high. The stock’s 52-week low is 0.46 paise. This price was in the month of July last year.
The promoters have no stake in this company but 100 percent stake is held by public shareholders. Talking about the shareholding pattern, public shareholders include Ravindra Gupta, N Prabhu, Mohan Ramesh and Khushboo Vanraj.
The year 2021 saw two major corporate events at Sun Retail. The company announced bonus shares and split. Under this, the sale of bonus shares was in the ratio of 3:5. At the same time, a stock split in the ratio of 10:1 was announced.
What business does the cup do?
Sun Retail Limited came into existence in the year 2007. It is a company that deals in both branding and trading of edible oils like cottonseed, groundnut and sunflower oil as well as other agricultural and non-agricultural commodities. The company provides commodity trading services. Along with this, it also deals in bullion trading of precious metals like gold.