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Multibagger Stock: Stocks Jumped 100% in 5 Days, Returned 220% in a Year, What Does the Company Do After All?

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Strong points

Forbes & Company Limited, formerly known as Forbes Gokak Limited.
Over the past month, this stock has given around 111% return to investors.
Forbes and Company has announced a special dividend of Rs 65 per share, or 650%.

New Delhi. Forbes and Company stock, which has been giving multibagger returns for the past year, hit a 10% higher circuit on Friday, August 19. Also yesterday, this stock hit the upper circuit. With today’s boom, this multibagger stock has also reached its all-time high. At the end of today’s session, Forbes and Company stock closed at Rs 834.35 on BSE with a ten percent gain. In just five trading sessions, this stock has gained around 90%.

Forbes & Company Limited, formerly known as Forbes Gokak Limited, is one of the oldest surviving companies in the world. The company is active in industrial automation engineering, consumer durables (water and air products), chemical tanker manufacturing and real estate. Forbes & Company is part of the Shapoorji Pallonji group. Forbes & Company Limited has manufacturing units in Aurangabad Thane and Mumbai in Maharashtra and Hosur in Tamil Nadu.

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220% return in one year
Forbes & Company stock has long enriched investors. Over the past month, this stock has given around 111% return to investors. Similarly, over the past six months, this stock has gained 115.54%. In 2022, this stock jumped 159 so far. In one year, this multibagger stock has returned 220% to its investors.

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That’s why the rocket became a stock
Forbes and Company has announced a special dividend of Rs 65 per share, or 650%. Since the dividend announcement, there has been a huge increase in this stock. The company’s board of directors had announced a special dividend at its meeting on August 13, 2022. The record date for this was set for August 25, 2022. Not only that, the company’s board also approved the proposal to create a joint venture with Macsa ID.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of them, please consult a licensed investment adviser first. News18 is not responsible for the profits or losses you may cause. It will happen. )

Tags: Stock multibagger, stock Exchange, Stock market advice

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