Stocks surged more than 168% in just one month on a back-to-back bull run.
Weak economic data and aggressive statements from the Federal Reserve led Wall Street to fall sharply overnight, with major US indices dropping nearly 2%. India’s benchmark index opened lower on Thursday, reflecting weakness in global markets.
Most of the sector fell, with utilities and power stocks taking a hit.rally in part small cap Equities, on the other hand, have helped the broader index to remain more stable than the major ones.
Despite the market weakness, the stock of small penny stock Adcon Capital Services continued its trend of locking in high territory. On an intraday basis on Thursday, shares of Adcon Capital Services rose 5% at Rs 5.26 per share in BSE to hit a new 52-week high.
A back-to-back bull run has seen the stock soar more than 168% in just one month, delivering an impressive 600% return last year. This suggests that his 1 million rupee investment in this stock a year ago was worth it. Over 70,000 rupees!
Adcon Capital Services, a publicly traded NBFC, provides loans, invests in other businesses and provides other financial services. Keep an eye on this script for future sessions.
