480% return stock: Shares of this waste management firm hit all-time high for second session in a row

Shares of Race Eco Chain hit an all-time high for the second session in a row on Tuesday. It had hit a life-time high on the BSE during Friday deals. On Tuesday, the scrip opened with a gain of around 2.7 per cent and went on to hit an all-time high of Rs 337 apiece.

The counter has been gaining for the last three days and has risen around 3.94 per cent in this period. Also, the scrip has outperformed the sector by 0.6 per cent. 

Shares of Race Eco have a 52-week range of Rs 337 - Rs 170.50 on BSE. The company commands a market cap of Rs 543.66.

On technical parameters, the counter is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Last seen, the scrip was trading in green at Rs 330.85 apiece. 

So far this year, the stock has delivered around 30 per cent return to its shareholders. In the last five years,  the scrip has made investors wealthier by around 481 per cent. 

RACE Eco Chain Ltd. started its journey two years ago in waste management services. It now has over 350+ dealers across the country. The company plans to grow this network to tap potential dealers in every district of the country in the coming 6 to 8 months. The company also has a mission to increase its market share in the r-PET Supply Chain to transact one lakh tons of r-PET per annum in the next 2 quarters.