₹3.50 to ₹45.50: Penny stock turns multibagger. Rises 1200% in seven years
Indrayani Biotech share price gained over 2% on Wednesday, bouncing back from an over 4% fall in the previous session. Indrayani Biotech shares have risen in seven of the last eight sessions.
Indrayani Biotech stock price has rallied over 10% in one week, but has fallen over 17% in three months and nearly 30% year-to-date (YTD). However, penny stock has given multibagger returns over the long term.
In the past five years, Indrayani Biotech shares have jumped 851%, while the penny stock is up 1,200% in seven years.
On BSE, Indrayani Biotech stock hit a 52-week high of ₹99.70 apiece on January 20, and a 52-week low of ₹35.00 on October 28.
Recently, stock exchanges sought clarification from the company on the share price movement. The…
