Multibagger Stock: Shares of Muffin Green Finance are one of the multibagger stock He indian stock market Has contributed to the comeback after Covid. NBFC stocks have risen more than 5,000 percent in the last five years. However, when the Indian stock market opens on Monday, small-cap stocks will be in focus. The company has announced to raise funds through NCDs. They announced board approval to raise funds on Friday before the closing bell, triggering value buying in the multibagger stock. small-cap stocks It closed almost 2 per cent higher than its previous close, while after hitting intraday high on Friday, it registered a rise of about 3.50 per cent over its intraday low. 125 each.
Muffin Green Finance News
The small-cap multibagger stock informed Indian stock exchanges about the board’s approval to raise funds, saying, “We would like to inform you that the committee of the board of directors of the company in its meeting held today i.e. Friday, November 29 , 2024 inter alia contemplated raising funds by issuing rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures denominated in Indian Rupees. has been made and approved on a private placement basis for an amount up to Rs 15,00,00,000 in accordance with the relevant provisions of applicable law and subject to the approval of the applicable regulatory authorities.”
Muffin Green Finance share price outlook
Speaking on the outlook for Muffin Green Finance shares, Sumeet Bagadia, Executive Director, Choice Broking said, “The multibagger in the stock is from 105 140 range. However, the stock is looking positive and sideways on the charts. One can maintain the strategy of buying when the stock falls and maintaining a strict stop loss 105 each. upon breaking up Breaking below the Rs 140 per share mark, the stock can be expected to rise higher. 105 Each level could trigger more declines. Therefore, a break on either side of the range can be considered a bullish or bearish trend.
Muffin Green Finance share price history
In one month, this small-cap stock gave 14 percent returns to its investors, while in six months it gave 9 percent returns. In 2024, the NBFC stock remained in base-building mode, but for long-term investors, it was one of the wealth creation stocks for its shareholders. In the last five years, this multibagger stock has increased from Rs 2.40 to Rs 2.40. 124.05 per share on the BSE, providing returns of over 5,000 per cent to its long-term investors.
This multibagger stock is available for trading on both NSE and BSE. It ended on Friday with a trading volume of 1,11,651 on the NSE.
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