There is a decline in many stocks amidst the volatility in the stock market, but there are some penny stocks that are showing fast. The share of Sun Retail Limited (Sun Retail) reached an intra-day high of Rs 0.62 with a jump of 5% on Friday. Earlier it closed at Rs 0.59 on Thursday. However, this stock has declined in the long term.
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Sun retail share performance
- In the last 5 days: 4% gained
- In the last 6 months: 26% fall
- In the year 2024 so far: 17% fall
- In the last 1 year: 30% fall
- In the last 5 years: 60% fall
Its stock was at Rs 3.19 in 2018, which has now come to Rs 0.62, ie it has fallen by more than 80%.
52-Veek High and Low of Sun Retail
- 52-Veek High: Rs 1.32
- 52-Veek Low: 0.54 rupees
- Market Cap: Rs 9.62 crore
company business
Sun Retail Limited brands and trade various edible oils in India.
- Major products: cotton seed oil, peanut oil, sunflower oil
- Other Business: Pamoline and Soybean Oil Business
- Establishment of Company: 2007, located in Headquarters Ahmedabad
Is the right investment opportunity?
Sun Retail is a Penny Stock, which means that it falls in high risk-high reward category. Despite the recent rise, its long-term performance has been weak. In such a situation, investors are advised to do careful research and invest in it only keeping in mind the risk.
