Penny stocks need only one trigger, when that trigger is found, the company takes off like a rocket. Something like this has been seen in PrismX Textile Company. This firm has received orders worth crores of rupees from France.
Sometimes even small companies give huge benefits to the stock market investors. All they need is a trigger. As soon as the trigger is found, the shares of the company start running like a rocket. Something similar has also been seen in the country's textile company PrismX Global Ventures. An order worth crores of rupees received from France has become a trigger for Prismax. Because of which the company's stock has seen a rise of about five percent. At the same time, an increase of 7 percent has been seen in the company's stock in two days. If experts are to be believed, in the coming months, the company's stock can see a rise of 1000 percent from the current level. Let us also tell you how much and what kind of order the company has received from France.
Rs 85 crore order received from France
According to the information, Prismax has received an order of Rs 85 crore i.e. 11 million dollars from the big fashion brand of France. Due to which there has been an increase in the shares of the company. According to the company, it will provide high quality clothes to French fashion brands. According to the company, this order will bring the company to the leading position in the textile sector. It will also promote international collaboration of the company. According to PrismX Global Ventures Limited, this order will help the company in its expansion and it is expected to get more and more international orders.
Rise in company shares
If we talk about the company's shares, it has seen a rise of 4.42 percent and closed at Rs 1.89. However, today the company's shares opened at Rs 1.83 and during the trading session it reached the day's high at Rs 1.90. However, the 52-week high of the company's shares is Rs 7.48, which was reached on September 26, 2022. The market cap of the company is around Rs 83 crore. However, in the last two trading days, the company's shares have seen an increase of more than 7 percent.
We may see a rise of 1000 percent
Experts believe that the company's financial performance is strong and due to the increasing demand for Indian clothing in the global market, the company's shares can see a significant rise. According to experts, the company's shares can see a rise of 1000 percent from the current level in the coming days. In such a situation, the company's stock can go up to Rs 15 to 20 in the coming months.
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