Beginning of lower circuit in Paras Defence: IRCTC and Avenue Super Mart shares filled the bag of investors, the price reached near Rs 5,000

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Shares of IRCTC and Avenue Super Mart have filled the lap of investors. Both the shares have now reached close to 5 thousand rupees. In the last one month, one year or even since the listing of these shares, their shares have always been in a boom.

Paras Defense shares fall

On the other hand, the lower circuit has started from today in the shares of Paras Defense, which are closing on 5% upper circuit every day for the last 10 days. This share has reached Rs 634 today. In the morning it made its highest ever level of Rs 701 with 5% upper circuit, but after that it took 5% lower circuit within five minutes.

Shares closed at Rs 668

The stock had closed at Rs 668 on Monday. The stock was rising 5% daily since its listing on October 1. Its IPO came at Rs 175. After increasing the share of 175 by Rs 701 i.e. almost 4 times, now it is going down. Upper circuit means the stock cannot move more than that in a day. Lower circuit means there cannot be more fall than that in a day.

Share was listed at Rs 475

The share of Paras Defense was listed on October 1 at Rs 475. On that day it saw an upper circuit of 5% and closed at Rs.498. Since then it is getting an upper circuit of 5% every day. On Friday, the stock closed at Rs 636 with a gain of 5%. Its market cap stood at Rs 2,481 crore.

dmart share also up

The share of Avenue Super Mart, which runs DMart, is also in a boom. The stock stood at Rs 4,012 on September 1. In October last year, the stock had hit a one-year low of Rs 1,949. It has grown 150% since then. On Tuesday, the stock reached a one-year high of Rs 4,892. A month ago it was trading at Rs 3,941. Its market cap has gone up to Rs 3.09 lakh crore.

DMart is in the business of grocery

Famous investor Radhakrishna Damani’s company Avenue Supermart is in the business of groceries. Offers groceries and other items at affordable rates. The total business of this company in the financial year 2020-21 was Rs 23,787 crore. It had made a profit of Rs 1,165 crore. Its IPO came in 2017 at Rs 299. Since then, the stock has given a return of 14.78 times.

IRCTC share at Rs 4,827

The share of IRCTC is currently trading at Rs 4,827. A month ago, the stock was trading at Rs 3,310. Its market cap is Rs 77,282 crore. The stock was listed on 14 October 2019. Its IPO price was Rs 320. Since then, the company has given a return of 13.91 times. Both these companies have had the best returns in the history of IPOs.

best performance this year

The Indian Railway Catering and Tourism Corporation (IRCTC) stock has performed well this year. Santosh Meena of Swastika Investmart says that IRCTC’s stock is still in a bullish environment. This stock has shown good growth in this year. Due to Kovid, this company is performing tremendously. Everyone wants to buy this stock. However, this stock continues to move upwards.

Asset monetization will benefit

They say that the asset monetization plan of the Railways can give further momentum to the stock of this company. This share can go up to Rs 5,100. Despite Corona, both IRCTC’s income and profit increased in the June quarter. Its revenue on an annual basis has been Rs 243 crore. Most of the revenue comes from the internet ticketing segment. This is close to 60% of the total revenue.

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