By Admin 
Small Cap Multibagger Stock Swaraj Suiting: Along with Bollywood stars, cricketers also do not miss out on betting in the stock market. There are many players who have tried their luck in the stock market. One of them is Indian team’s ‘Hitman’ Rohit Sharma, who is also making his mark in the world of investment.
According to the latest information, he has invested in a listed company of the stock market. The name of the company is ‘Swaraj Suiting’, which is associated with the textile sector. This is a multibagger stock, which has made its investors rich by giving 900% returns in the last five years. Apart from Rohit, young cricketer Tilak Verma has also staked in the company, hence the investors’ ears have stood up. In such a situation, it is possible that it may see further growth in the coming time.
Investors also included
Actually, Swaraj Suiting proposed to issue 43,76,500 shares at a price of Rs 236 per share on preferential basis. Rohit Sharma, Tilak Verma, Shreyas Iyer’s father Santosh Venkateshwaran Iyer and Kolkata Knight Riders coach Abhishek Mohan Nair are among the 198 investors who have been allotted shares in the company.
If everything goes well and this preferential issue gets shareholder and regulatory approval, then the company can raise approximately Rs 103.28 crore from it. The company will use this to increase its production capacity, invest in new technology and strengthen its hold in the market.
How was the performance of the stock?
This company related to textile industry produces denim and cotton fabrics, which are used in making everything from jeans to bottom wear. On November 27, its share price rose by 2.54 percent to reach Rs 279, whereas in the last one month the stock has risen by about 44 percent. In the long term, the stock has given excellent returns of 900% in 5 years.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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