On Monday, after a two-day weekly holiday, the stock market again started trending at a high level. On Monday, the Sensex was trading at 84651 an increase of 107 points. Meanwhile, the Nifty was at 25873 and had gains of 82 points.
Both benchmarks once again saw their new all-time high-level today, so many big stocks are registering huge gains.
Stocks Are Up 4 Percent
Meanwhile, the share of Bhatia Communications & Retail (India) Ltd, a penny stock priced below Rs 50, has registered a gain of 4 percent.
On Monday, the stock opened at 36.00, up 4.4 percent from its previous close of Rs 34.47. Its 52-week high is Rs 38.90, while the 52-week low is Rs 18.30.
Investors Got A 50 Percent Return In 6 Months
Let us tell you that the share of Bhatia Communications & Retail (India) Ltd has been registering a huge boom for the last 2-3 months.
It has gained 14.74% in the previous five trading sessions, while during 1 month, it has given a return of 50.99% by performing brilliantly.
While at the same time, it has also earned an income of 52.70% in just six months. During the last one-year period, it has given a return of more than 43.28 %.
The Boom Came After The Loan Agreement
It is known that Bhatia Communications & Retail (India) Ltd has entered into a loan agreement with M/s Interlink Warehousing LLP.
According to the Inter Corporate Loan Agreement, the company will provide an unsecured loan of ₹ 5 crore to Interlink Warehousing LLP with an interest rate of 15% per annum.
The company said in the exchange filing that the loan will be given for a maximum period of 6 months from the date of first disbursement or even earlier if demanded by the lender.
Quick Fact
| Company name | Bhatia Communications & Retail |
|---|---|
| Stock Price | ₹33.70 |
| Opening Price | ₹36.00 (up 4.4%) |
| Recent loss | 2.23% |
| 5-Day Gain | 14.74% |
| 1-Month Gain | 50.99% |
| 6-Month Gain | 52.70% |
| 1-Year Gain | 43.28 % |
| Loan Amount | ₹5 crore |
| Interest Rate | 15% per annum |
| Loan Duration | Max 6 months |
| Loan Purpose | Unsecured loan to Interlink Warehousing LLP |
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