Mold-Tek Technologies Ltd, an IT-enabled services company, has witnessed an extraordinary transformation in its stock performance, evolving into a true multibagger within the span of a year. As of September 2022, the stock was trading at Rs 91, but in a remarkable journey, it surged to an all-time high of Rs 398.45 during the latest trading session, delivering staggering returns of 338% over this period. For investors who had invested Rs 1 lakh in Mold-Tek Technologies stock one year ago, their investment would now be valued at Rs 4.37 lakh, underlining the tremendous growth.
In comparison, during the same period, the Sensex, a benchmark index, registered a modest gain of 11.61%. This remarkable performance highlights Mold-Tek Technologies’ exceptional growth trajectory.
During the most recent trading session, Mold-Tek Technologies stock witnessed a notable uptick, surging by 5.13% to attain the historic high of Rs 398.45, surpassing its previous closing price of Rs 379 on the BSE. This surge in value was accompanied by a trading volume of 0.53 lakh shares, translating to a turnover of Rs 2.05 crore on the BSE. Consequently, the market capitalization of Mold-Tek Technologies soared to Rs 1,102 crore as of Monday.
Technically, Mold-Tek Technologies exhibits a relative strength index (RSI) reading of 70.2, signaling that the stock is currently trading in the overbought territory. This surge in investor interest underscores the growing confidence in the company’s prospects.
Mold-Tek Technologies has indeed emerged as a standout performer in the market, showcasing a phenomenal transformation that has rewarded its investors handsomely. With its recent record-breaking performance, the company has firmly established itself as a significant player in the IT sector, leaving investors and market enthusiasts eagerly watching its future growth trajectory.
