Now Reading: ICE Make Refrigeration stock turns Rs 1 lakh into Rs 11.5 lakh in five years
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ICE Make Refrigeration stock turns Rs 1 lakh into Rs 11.5 lakh in five years
ICE Make Refrigeration stock turns Rs 1 lakh into Rs 11.5 lakh in five years
ICE Make Refrigeration Ltd, a small-cap stock, has surged 3,096% from a low of Rs 25.65 in March 2020 to Rs 820 currently, turning a Rs 1 lakh investment into about Rs…
The Story in Brief
ICE Make Refrigeration Ltd, a small-cap stock, has surged 3,096% from a low of Rs 25.65 in March 2020 to Rs 820 currently, turning a Rs 1 lakh investment into about Rs 11.5 lakh in five years, according to Livemint. The company provides customised cooling solutions. Retail investors own 18.86% of the firm, with nearly 29 lakh shareholders holding up to Rs 2 lakh each in value, Livemint reported. The stock has risen steadily since February 2022, giving positive returns in each of the last four calendar years.
The Indian Opinion
Stories of multibagger stocks often feed a get-rich-quick narrative that overlooks the risks of stock-picking. While ICE Make Refrigeration has delivered impressive returns, retail investors should remember that such gains are the exception, not the rule. The 3,096% surge also reflects a narrow rally in select small-cap stocks. Prudence demands checking whether the company's business fundamentals, like consistent profit growth and cash flows, justify the current valuation. The real test will be if the stock holds its gains in a market downturn.
Source: livemint.com
This story was synthesised by AI from the source linked above.
Updated: this story now draws on 1 sources.
