Multibagger Stock: Kesar India Share Price Skyrockets Over 3600% in 2 Years. Do You Own It?
Kesar India’s stock has seen a remarkable surge of nearly 3600% over the past two years, offering investors impressive returns. Starting from ₹174.0 per share at its listing, the stock now trades at ₹906.70 per share on BSE SME. Today, it opened at ₹906.35 per share, reaching a 52-week high and remaining locked in a 5% upper circuit. From its low of ₹24.4, Kesar India’s share price has soared by 3609.90%.
Analyst Caution
However, technical analysts caution that Kesar India’s stock often operates within circuits and sees low trading volumes. Such stocks, managed by stronger hands, may not be suitable for trading due to their limited liquidity.
Kesar India debuted on BSE SME in July 2022 with a modest 2.4% premium. Its initial public offering, valued at ₹15.8 crore, was oversubscribed by 1.8 times on the final day of bidding.
Engaged in various businesses including construction, engineering, and real estate, Kesar India recently announced the establishment of a fully-owned subsidiary in Dubai, United Arab Emirates, through its subsidiary Kesar Middle East -FZCO.
Exceeding Expectations
The company pleasantly surprised investors by completing its project, Kesar Gateway, 28 months ahead of schedule, covering over 1.5 million square feet. This achievement reflects Kesar India’s commitment to exceeding expectations and setting new industry standards, as stated by Sachin Gopal Gupta, Managing Director at Kesar India Ltd.
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