HomeLifestyleAs soon as it came in the market, this stock became one...

As soon as it came in the market, this stock became one and a half times in 10 days, know the name of the stock and the work of the company

Highlights

Phantom Digital Effects provides services related to special visual effects.
The stock was listed on October 21 after the IPO was subscribed 164 times.
The listing was done at Rs 300 per share against the issue price of Rs 95.

Mumbai. Stock market Many stocks have made big money for the investors and in a short span of time these stocks have proved to be multibaggers. Another share has been entered in this episode. The shares of Phantom Digital Effects, a giant providing visual effects services, were listed on the stock market only last month and have been running continuously since the listing.

After giving tremendous returns to IPO investors, now retail investors are also getting rich by investing in this stock. In the public issue, the shares of this company were issued at a price of Rs 95 and now their price is Rs 249.10. That is, a return of 162 percent has been received directly.

The company’s shares were listed in October

The shares of Phantom Digital Effects were listed on the NSE on October 21. The shares were listed at a price of Rs 300 and the investors got a gain of 216 percent from the IPO price. Although the share price declined somewhat due to profit-booking, IPO investors are still in profit of about 162 per cent.

Also read- These stocks can prove to be the next multibagger stock, mutual fund houses are also buying fiercely

Let us tell you that the public issue of Phantom Digital Effects was open from October 12 to October 14 last month. This IPO of Rs 29.10 crore was subscribed 164 times. In this IPO, the portion reserved for non-institutional investors was subscribed 555 times. While the share reserved for retail investors was subscribed 207 times. In this IPO, a price band of Rs 91-95 per share and lot size of 1200 shares was fixed.

What company business?

Phantom Digital Effects provides services related to special visual effects. The company has a creative VFX studio in India and has offices in the US and Canada. VFX is used in the film and entertainment industry. VFX is used a lot in big budget and action movies. Such services are provided by Phantom Digital.

(Disclaimer: The information given here is based on the performance of the stock. Since investment is subject to market risks, consult your financial advisor before investing.)

Tags: business news, Multibagger stock, stock market

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