Penny Stocks: KBC Global Limited Gains Attention
KBC Global Limited Company has captured the spotlight as its shares surged 4.72% to Rs 2.44 on Wednesday. The stock reached the upper circuit, indicating strong market interest. Currently trading at Rs 2.49 on Thursday (07 November 2024), it shows a modest increase of 2.05%.
Company Milestone Achieved
KBC Global Limited recently announced the successful completion of 12 project units in October 2024. This achievement is anticipated to bolster the company’s earnings significantly. The completed units include three from the Hari Krishna Phase 4 Project and four from the Hari Sanskriti Phase 2 Project, both located in Nashik, Maharashtra.
Stock Performance Overview
The stock has demonstrated impressive returns, yielding 8.44% over the past five days, 17.31% in the last month, and 25.13% over the last six months. Year-to-date, the stock has appreciated by 22%.
Disclaimer
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Summary at glance
KBC Global Limited Company has gained attention as its shares rose 4.72% to Rs 2.44, hitting the upper circuit. The company announced the successful completion of 12 project units in October 2024, including several in Nashik, which is anticipated to boost earnings. As of November 7, 2024, the stock was trading at Rs 2.49. Over the past month, it has returned 17.31%, with significant gains over longer periods as well.
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