Investing in stocks is a long-term game, much like the famous saying, “Rome wasn’t built in a day.” Investors need patience to see substantial returns, especially with IPOs (Initial Public Offerings). Holding onto a promising stock can lead to significant wealth creation.
MOS Utility Stock Journey:
- IPO Launch: In March 2023, MOS Utility shares were introduced to the Indian primary market with a price range of ₹72 to ₹76 per share.
- Positive Listing: The stock debuted on the NSE SME Emerge platform on April 18, 2023, at ₹90 per share, giving investors an 18.50% gain right away.
- Long-Term Gain: By Friday, MOS Utility shares had soared to ₹212 each. This means a 180% increase in value for those who held onto their shares from the IPO.
Investment Growth:
- Initial Investment: Applying for one lot of 1600 shares in the IPO at ₹76 per share required ₹1,21,600.
- Current Value: That same lot is now worth ₹3,39,200 at ₹212 per share.
Future Prospects:
- Solar Business Expansion: MOS Utility is expanding into the solar energy sector, planning to deal in solar PV modules, cells, batteries, and related products.
Holding onto a good IPO stock like MOS Utility can turn out to be a highly rewarding decision, as seen by its impressive 180% return within a year.
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