The small-cap share has doubled its money in just one month in stock market trading.
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Both the Sensex and Nifty have been breaking a new record high each day since last one month. India’s largest stock exchange, National Stock Exchange (NSE) Nifty, has surpassed the average level of 11,600 for the very first time and on August 23, 2018, NSE has touched a lifetime peak at 11, 620.7. Whereas, the BSE Sensex has hit at 38,487.63, an all-time high record.
India’s benchmark Sensex index has exceeded the major stock indices of developed countries such as Hong Kong’s Hang Seng (down 9 percent), America’s Nasdaq Composite (up 12 percent), DJIA (3.6 percent), Japan’s Nikkei (down 4.6 percent), South Korea’s Kospi (down 8 percent) and China’s Shanghai Composite (down 18.6 percent), were recorded in the stock market trading.
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In terms of listed companies, Kwality, a small cap share with a market capitalization gained a value of Rs 654 crore on Bombay Stock Exchange, India’s biggest stock exchange. Surprisingly, the shares of Kwality are categorized in the ‘A’ Group of BSE.
On 27 July 2018, the Kwality Ltd share price hit a 52-week low at Rs 10.95 on BSE, whereas, on 29 August 2017, it has touched a 52-week high at Rs 155.35. As of 1 January 2018, the Kwality Ltd shares fell by 76 percent from a share price level of Rs 112.5, as reported by Financial Express.
In the National Stock Exchange, the dairy products maker Kwality’s shares have risen as much as 113 percent to Rs 26.85 from a share price level of Rs 12.6 in terms of trading volumes and turnovers. In 1 month of stock market trading, in the shares of Kwality, a sum of Rs 10,000 invested at a share price of Rs 12.6 on 24 July 2018 which has turned into Rs 21,310. The stock of Kwality has been continuously gaining since 26 July 2018 and recorded a return of 135 percent to Rs 26.85 from Rs 11.4.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]