Penny stock under ₹10 rises from ₹0.15 to ₹1.92 in four years
In short
A penny stock under ₹10 climbed from ₹0.15 a share to ₹1.92 in four years. Mint says that works out to 1,180% returns, and ₹1 lakh would have grown to ₹12.8 lakh.
The rise helped long-term investors, but the reporting does not name the company or say whether the gains will continue.
What the reporting says
A penny stock under ₹10 rose from ₹0.15 per share to ₹1.92 over four years, delivering 1,180% returns, according to a Mint summary. The reporting says a ₹1 lakh investment became ₹12.8 lakh, but it does not identify the company in the provided snippet. The immediate consequence is a strong historical gain for long-term shareholders, while future performance is unknown.
Why it matters
The reported event is a sharp four-year price rise in a penny stock, from ₹0.15 to ₹1.92 per share, with Mint citing 1,180% returns and a ₹1 lakh-to-₹12.8 lakh example. The snippet does not identify the company or explain the catalyst. This is therefore a market-performance story, but the reason for the rally remains unstated.