This Small Cap stock has delivered an impressive returns of more than 107% in just 6 months. During the early trading session this morning, the shares of this small cap company surged nearly 18% On Friday, December 13. With this the stock price touched a 52-week high of Rs 986 however it declined and closed at Rs 959.80 with a 14.54% gain. Veteran investor Vijay Kedia holds a huge stake in this company
What’s the Details
Actually a Small cap company Siyaram Silk Mills Limited is in news these days as the shares of this company outperformed the sector. Siyaram Silk Shares Surged 14.54% and closed at Rs 959.80. In the last one month, Siyaram Silk Shares have climbed 46.62%. Today the shares opened at Rs 849 and rose to a 52-week high of Rs 986 while it touched a low of Rs 845.10 during the trading session. The shares of Siyaram Silk closed at Rs 837.95 on Thursday, December 12, 2024.
Siyaram Silk Shares Jumped 100% in 6 Months
The Shares of Siyaram Silk Mills have climbed more than 107% in the last 6 months. Let us tell you that the small Cap textile company shares were trading at Rs 462.05 6 months ago on June 13, 2024. The small cap stock was once trading at Rs 109.35 on May 8, 2020. Now it’s currently trading at Rs 959.80 which represents a multibagger return of more than 801.69% between these periods. Siyaram Silk Mills Limited (NSE:SIYSIL) has a 52-week low of Rs 409.60 on NSE.
Vijay Kedia has 455000 shares of Siyaram Silk Mills
Veteran investor Vijay Kedia has shown great confidence in this small cap stock. According to the available data on NSE, Vijay Kedia holds 455000 shares of Siyaram Silk Mills. Vijay Kedia Holds 1% of the stake according to the shareholding data of September 2024.
Siyaram Silk Share Price Target
Siyaram Silk Share Price Target is Rs 970 by the end of December. According to Markets Mojo, this small cap stock has great long-term potential. Marketsmojo has given a “Hold” rating.
Currently the shares of Siyaram Silk are trading above its 5 days, 20 days, 50 days, 100 days and 200 days average indicating a positive trend and strong performance in the market.
About Siyaram Silk Mills Limited
Incorporated in 1978 Siyaram Silk Mills Limited is a small cap textile company. This company produces world class fabrics and garments. It has a market cap of Rs 4,398.40 crore. Promoters hold 67.44% of stake in this company.
Investors should keep an close eye on this small cap stock.
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