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Big stocks could not give this much return in years, this stock gave in one year.. made money more than 10 times straight

Highlights

The share price of Confidence Futuristic Energtech Limited as on 1 November 2021 was Rs 51.90.
On October 31, the stock reached a new 52-week high of Rs 650.90 on the BSE.
This company does the business of manufacturing LPG cylinders for domestic and commercial use.

Mumbai. Every investor in the stock market wants big returns in a short period of time and it is also a fact that many stocks have made big gains in short and long term. Many stocks have proved to be multibagger returns in the last few years. The name of the share of Confidence Futuristic Energtech Limited has been added to this list. This stock is showing upper circuit everyday since last few weeks. Today on Monday too, this stock closed with a gain of 5 percent.

After hitting the upper circuit of 5 percent, during the trading day on October 31, the stock reached a new 52-week high of Rs 650.90 on the BSE.

Great returns in one year and one month
The stock of Confidence Futuristic Energtech Limited has given an excellent return of 129% to its investors in the last one month. At the same time, in the last 6 months, this stock has given 331 percent return to the investors. At the same time, in this year 2022 so far, the price of Confidence Futuristic share has increased by more than 790 percent. Whereas in 1 year the stock has given a bumper return of 1154 percent.

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

Exactly a year ago from today, on November 1, 2021, the share price was Rs 51.90, which has now increased to Rs 650.90. Confidence Futuristic Energtech Limited has now announced a split of its shares. According to the information given to the exchange, on October 16, the board of directors of the company approved the decision to split the shares of the company. The stock split will be done in the ratio of 1:2. This means that each of the shareholders will be given one bonus share for every two shares.

What is the business of the company?
Confidence Futuristic Energtech Limited was established in 1985. This Nagpur based group is a petroleum engineering company. It was earlier known as Globe Industrial Resources Limited. In 2017, the company’s name was changed to Confidence Futuristic Energytech Limited.

Confidence Futuristic Energtech Limited manufactures and sells Composite LPG cylinders under the brand GO GAS for domestic and commercial consumers. Apart from this, it manufactures and sells high pressure cylinders like Oxygen, CNG Hydrogen and Co2.

(Disclaimer: The information given here is based on the past performance of the stock. If you want to invest in it, please consult a Certified Investment Advisor first. News18 will not be responsible for any profit or loss whatsoever.)

Tags: business news, Multibagger stock, stock market

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