Meson Valves Share Price Surges Over 585% in Four Months!
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Meson Valves, a leading valve manufacturing company, has witnessed a remarkable surge in its share price over the past four months. The company’s IPO was launched at a price of ₹102 per share. As of January 11, 2024, the share price closed at ₹705.25, marking an increase of more than 585%.
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On Thursday, the company’s shares reached a new high of ₹716, the highest in the past 52 weeks. However, it is worth noting that the share price had dipped to ₹193.80 during the same period. Currently, the share is trading at ₹700, with a marginal decrease of 0.74%.
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Investors who participated in Meson Valves’ IPO have reaped significant profits. To secure one lot of shares, investors had to invest more than ₹7 lakhs. Considering the current share price, one lot of shares is valued at ₹8,46,300. This implies that investors who held onto their shares have earned a profit of ₹7.23 lakhs.
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Impressively, Meson Valves’ share price has surged by 237% in the last three months alone. The shares were trading at ₹208.85 on October 10, 2023, and closed at ₹705.25 on January 11, 2024. In the past month, the share price has witnessed a growth of approximately 61%, reaching a high of ₹705.25 from ₹440.45.
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Meson Valves’ IPO attracted a staggering 173.65 times the subscription. Retail investors showed immense confidence in the company, subscribing 203 times more than available shares.
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With such impressive growth and investor confidence, Meson Valves continues to strengthen its position in the market. As the company’s share price continues to soar, investors are eagerly watching its performance, hoping for further returns on their investments.
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(Note: The information provided in this article is based on the latest available data and may be subject to change.)
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