Now Reading: ICE Make Refrigeration: from ₹71 to ₹820 in five years
-
01
ICE Make Refrigeration: from ₹71 to ₹820 in five years
Shares of ICE Make Refrigeration have surged from about ₹71 to ₹820 over five years, turning a ₹1 lakh investment into roughly ₹11.54 lakh. The stock, once trading in double digits, has…
The Story in Brief
Shares of ICE Make Refrigeration have surged from about ₹71 to ₹820 over five years, turning a ₹1 lakh investment into roughly ₹11.54 lakh. The stock, once trading in double digits, has delivered a 3,096% return from its March 2020 low of ₹25.65. Its market capitalisation now stands at ₹1,200 crore.
Retail investors hold a 24% stake in the company, with nearly 29 lakh small shareholders owning 18.86% of the equity, as per BSE data. The firm provides customized refrigeration and cooling solutions to industries. The stock closed each of the last four calendar years in positive territory, but has seen a sharp pullback in recent months.
The Indian Opinion
Stories like ICE Make Refrigeration fuel the narrative that penny stocks are a sure path to riches. The reality: such multibaggers are rare, and most penny stocks destroy capital. The company's earnings and cash flow, not just its stock chart, will determine if this wealth is real or paper. Watch its next quarterly profit and debt levels before calling it a winner.
Source: livemint.com
This story was synthesised by AI from the source linked above.
