Multibagger stock: An amount of Rs 1 lakh invested in the shares of Authum Investment Forging Ltd three years ago would have turned into Rs 44.53 lakh today.
Shares of Authum Investment & Infrastructure Ltd have rallied over 4,600% in the last three years. The multibagger stock, which closed at Rs 5.92 on May 29, 2020 rose to a high of Rs 280 on the BSE today (May 31, 2023). An amount of Rs 1 lakh invested in the shares of Authum Investment three years ago would have turned into Rs 47.29 lakh today. In comparison, Sensex has risen 92.7 per cent during the period. In the current session, the multibagger stock slipped 14.18% to Rs 255.05 on BSE in early trade. Authum Investment stock opened 6.46% lower at Rs 278 today against the previous close of Rs 297.20 on BSE. Sentiment turned weak around the stock after the firm reported its Q4 earnings.
The Resolution Plan comprising the total Resolution amount of Rs. 3,351 crore has been implemented through Authum Investment & Infrastructure Ltd s subsidiary viz. Reliance Commercial Finance Ltd and RCFL has acquired Business Undertaking of Reliance Home
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