Mukesh Ambani Reliance – Got a big order from Ambani’s company Reliance… This share became a rocket, jumped 10%! – This Multibagger Stock rises 10 percent today after order win from Mukesh Ambani Reliance check details tutc
During trading on the first day of the New Year (New Year 2025) in the Indian Stock Market, the share of a smallcap mining company ran like a rocket and jumped by 10 percent. The reason behind this rise in this stock is a big order received from the company of the country’s richest man Mukesh Ambani, as soon as the news of this came, the shares of the company started running away. We are talking about the shares of South West Pinnacle Exploration Limited, a firm related to the mining sector, which has fallen on the very first day of the year.
Shares ran up amid rise in Sensex-Nifty
A strong rise is being seen in the share market on Wednesday, January 1, 2025. After moving at a slow pace in the initial trade, the Sensex suddenly started running at a fast pace and jumped by more than 400 points, while the Nifty also appeared to be moving in step with the Sensex. During trading, shares of South West Pinnacle jumped 9.90 percent to the level of Rs 165.27.
When the stock gained momentum, MCap reached here
The share market of South West Pinnacle Exploration, a company providing end-to-end drilling and exploration services in the mining sector, opened at the level of Rs 151.99 and during trading it rose to the level of Rs 165.27. The effect of this rise in shares has also been seen on the market capitalization of the company and it increased to the level of Rs 445.07 crore on Wednesday. However, let us tell you here that the initial rise in the company’s shares slowed down as the market closed and finally it closed at Rs 156.
Because of this the stock jumped
If we talk about the reason behind the surge in this mining stock on the third trading day of the week and the first trading session of the year, then there is an order received from Mukesh Ambani’s company. While giving information in the stock exchange filing on behalf of the company, it was said that it has received an order worth Rs 158 crore from Reliance Industries. According to the report, Mukesh Ambani’s company has received the order for work related to the production of Coal Bed Methane (CBM) in Madhya Pradesh.
This stock became multibagger in 5 years
If we look at the past performance of South West Pinnacle Exploration stock, in the last five years this stock has proved to be a multibagger stock for its investors and has given a strong return of 766.67 percent. On January 3, 2020, the price of one share of the company was Rs 18, which has now crossed the level of Rs 165. In such a situation, if an investor had invested Rs 1 lakh in it five years ago and kept it on hold, then by now it would have increased to more than Rs 8 lakh. This stock has jumped by 15 percent in the last one month alone.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
