Investing in the stock market is considered risky. Many times people invest money in the stock market and after some time they have to suffer big losses. Sometimes investors become paupers overnight. But sometimes investors also become rich by investing in the stock market. Many stocks give bumper returns to investors. We are going to tell you about one of these stocks, which has seen a big jump in the last few days. And who has made the people who invest money rich?
Was debuted in the market in July
This share belongs to AMTD Digital Company. Not many people know about this stock. This stock has given strong returns to the investors in a very short time. Let us tell you that the stock of this company made its debut on July 15 on the New York Stock Exchange of America. At that time the issue price of the company of AMTD Digital was only US $ 7.8 i.e. approximately Rs 618.
But in a few days, a big jump has been seen in it. Let us know that on Tuesday, its price had reached the US $ 2,555 i.e. around Rs 2,02,728. Let us tell you that in a few days, the company’s stock has seen a jump of 32,600 percent.
Let us also tell you that this company is located in Hong Kong. At present, the market cap of this company has exceeded that of many giants like Walmart, Procter & Gamble, JP Morgan, etc.
What is the reason for the bumper boom?
However, the company’s stock has seen a decline on Wednesday. The stock closed at $1,100 on Thursday. But if you look at it, it is still about 14,400 percent above its issue price.
Investors in the stock market are currently very worried about the possibility of a Russia-Ukraine war, inflation, and recession. In such a situation, this stock is a ray of hope for investors. Some experts who know the stock market say that the reason behind this big jump in the shares of the company is Mim Stocks. Mime stocks are those stocks that become very popular among investors through social media.
