First the momentum looks strong on the headline indices with Nifty now at 17,850 points and Sensex once again close to 60,000 points. Meanwhile, the broader markets are underperforming headline indices.
Now as fresh shareholding into a stock, instills confidence in the scrip, here is one scrip from the leather products segment i.e. Tinna Rubber and Infrastructure that has hit an upper circuit limit in session on January 5, 2022, which is also the stock’s 52-week high price of Rs. 202.15. The stock is another multibagger which in a year’s time has scaled from a price of Rs. 31.7 to current levels.
As of December 31, 2021, ace investor has bought stake in the company equivalent to 1.7 percent or 142,739 equity shares which is worth as much as Rs. 274.8 crore as on Tuesday.
It is the second consecutive day when the stock of the company has hit an upper circuit.
About Tinna Rubber:
The small cap company founded in the year 1977 began automation of rubber compounding for manufacturing of footwear soling sheets.The company now with an existence of 4 decades is an specialty company with interest in winery, agri business and ware housing..The company also in the business activities of Trading Activity, Bitumen Division.
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Story first published: Wednesday, January 5, 2022, 12:22 [IST]
Original news source Credit: www.goodreturns.in