Multibagger Stock: Shares in focus as the company finalises land deal for 60 crores

Stock market news: There are many shares in the stock market which have given bumper returns to the investors. If you invest in stocks, then you should keep an eye on the shares of RDB Infrastructure and Power Ltd, as the company has shared details with the exchanges. The company informed exchanges that it has done a land deal. After this deal, this stock has come into the focus of investors.

Let us tell you that today the company’s shares are trading in the red. At 10.45 am, the company’s shares (RDB Infrastructure And Power Ltd Share Price) were trading at Rs 54.50 per share, down 3.40 percent.

According to a stock exchange filing, RDB Infrastructure And Power Ltd has sold its 10,667.52 square meter non-agricultural leasehold land for Rs 60 crore. The company has sold this land to Samprati Buildcon Private Limited. The company has signed an official Slump Sale Agreement for this transaction.

According to BSE Analytics, the stock has gained 0.26 per cent in the last one month. Whereas the stock has fallen 0.93 per cent in the last 6 months. Talking about the returns of the stock, the stock has given a return of 272.78 per cent in one year. Whereas, the stock has given a return of 1229.27 per cent in two years. In five years, the stock has given a multibagger return of 2768.42 per cent. According to the BSE website, the market cap of the company is Rs 941.95 crore.

Meanwhile, equity benchmark indices were trading flat in early trade on Wednesday amid sluggish global market trends due to rising US-China trade tensions.

After two days of sharp rally, the 30-share BSE benchmark Sensex declined 165.3 points to 76,569.59 in early trade. The NSE Nifty dipped 51.55 points to 23,277. From the Sensex firms, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance and Infosys were the biggest laggards.

IndusInd Bank, Axis Bank, State Bank of India and Kotak Mahindra Bank were among the gainers. In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225, Shanghai SSE Composite index and Hong Kong’s Hang Seng were quoting lower. US markets ended in the negative territory on Tuesday.

News