By Admin 
Multibagger Stock: Even though heavy selling was seen in the Indian stock market during the trading session last Wednesday, the shares of RDB Infrastructure and Power traded heavily during this period. Shares of real estate and infrastructure firm RDB Infrastructure and Power rose almost 3 per cent to a new 52-week high during intraday trading on January 7.
In the information given to the stock exchange, the company said that the board has approved the acquisition of 70 percent of Solar Agro-Parks Private Limited. Its effect was visible on the shares of the company. Shares of RDB Infrastructure and Power started the trading session on Wednesday on a positive note at Rs 71 as against the previous closing price of Rs 69.42 on NSE. After this, it reached intraday high of Rs 71.50 with a gain of 3 percent. The stock’s 52-week low is Rs 35, which it touched on September 9 last year. The market cap of the company is Rs 1,394.86 crore.
3600% return in 5 years
Let us tell you that the stock has gained more than 8 percent in the last 5 trading sessions and has seen an increase of more than 45 percent in the last one month. In the last six months, the share of RDB Infrastructure and Power has risen by 38 percent, while in one year it has risen by 34 percent. At the same time, in a period of 5 years, this stock of real estate sector has given multibagger returns of more than 3600 percent.
Why did the shares rise?
The company told the stock exchanges that its board of directors has approved the proposal to purchase 70 percent share capital of Solar Agro-Parks Private Limited, a company operating in the solar energy sector. Under this deal, the company will buy 7000 shares with face value of Rs 10 per share, the total value of which will be Rs 70000. After this investment, the company will have 70 percent stake in Solar Agro-Parks Private Limited.
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Multibagger stock is amazing, after giving 132% return in one year, the price increased by 3% again.