350% return in 3 years: This under Rs 100 education stock hits 20% upper circuit - Do you own?

Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets. Profit-taking also came into play as the 30-share BSE Sensex tanked 609.28 points or 0.82 per cent to settle at 73,730.16. During the day, it lost 722.79 points or 0.97 per cent to 73,616.65.

Amid this, shares of FIIs-backed Shanti Educational Initiatives hit a 20 per cent upper circuit on April 27. The stock opened in red at Rs 61.50 apiece but surged around 20 per cent to hit the upper circuit of Rs 74.40. The shares of Shanti Educational Initiatives, which has a market cap of Rs 1,133 crore, ended the session at Rs 70.43 with a gain of 13.60 per cent or Rs 8.43 apiece from the previous close of Rs 62.

The counter has been gaining for the last four days and has a 52-week high of Rs 109.40 apiece and a 52-week low price is Rs 52.01 on the BSE.

As per BSE analytics, the counter has delivered a multibagger return of 345 per cent in the last three years and 528 per cent in five years. However, it has offered a negative return of around 1.92 per cent in the last one year. 

Shanti Educational Initiatives Stock Split

Shanti Educational Initiatives Ltd. last split the face value of its shares from Rs 10 to Re 1 in 2022. The share traded ex-split basis from July 21, 2022.

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