New Delhi/ The key to earning good money in the stock market is patience. The patience is to hold the stocks for a long period. Patience is an important quality that a stock market investor needs as the money is not in buying and selling, but in waiting. Therefore, investors who are able to develop a ‘buy, hold and forget’ strategy have a better chance of making good money from the stock market. Something similar happened with the stock of a pharmaceutical company. This stock has given a return of more than 900% in just 6 months, which has given huge benefits to those who invest in it.
which company is the share
The share of Kwality Pharmaceuticals, a company that manufactures and exports medicines like Liquid Orals, Dry Syrup, Tablets and ORS, stood at just Rs 60.50 on 16 March 2021. Now its share became Rs 639 on 17 September 2021. In this way, in just 6 months, this stock has got a return of 956%.
Also read- Gold-Silver Price: Gold became cheaper by Rs 800 in two days, silver also became cheaper, know the rate of your city
Millionaire to Lakhpati made from this share
If a person had invested Rs 1 lakh in the share of Kwality Pharmaceuticals 6 months ago, then now it will get Rs 10.49 lakh. In this way that person became Millionaire from Lakhpati (1 Million is equal to 10 Lakh) in just 6 months.
The stock gained momentum in a year
Shares of Kwality Pharmaceuticals have gained momentum throughout the year. If we look at the return for the year, then it has been 1051.35%. Whereas from the beginning of the year 2021 till now it has climbed 1058%. Its market capitalization has reached Rs 663.04 crore.
Know the Net Profit of Kwality Pharmaceuticals Share
The company’s stock has given better returns than its counterparts Divis Labs (53.73%) and Hikal Limited (336.28%). But still it is better to know about its financial status before investing in it. Kwality Pharmaceuticals’ net profit stood at Rs 15.42 crore in the financial year ended March 2021. Whereas in the financial year 2019-20 it was Rs 8.43 crore. At the same time, the company’s sales grew by 88.56% year-on-year to Rs 261.50 crore in the financial year ended March 2021 from Rs 138.68 crore in 2019-20. Let us inform that as of June 2021 data, 7 promoters of Kwality Pharmaceuticals hold 54.13% stake. Whereas 141 public shareholders of the company hold 45.87% stake.
For all the news of the country and the world, subscribe to our YouTube channel ‘DNP India’ now. You can also follow us on FACEBOOK, TWITTER and INSTAGRAM.