Varanium Cloud Share Price: Except Bank Nifty in 2022, most of the indices have disappointed. But there are many such small cap stocks which have given multibagger returns to the investors during this period. Today we are talking about one such small medium company which has created panic within three months of its listing on the Stock Exchange. We are talking about the tech company Varanium Cloud which has given amazing returns to the investors. The stock of Varanium Cloud is running in such a way that even the rocket will fail in front of it.
710% return in 80 days
The IPO of Varanium Cloud was opened on 16 September 2022 and the company was listed on the stock exchange on 27 September 2022. Being a small medium company, this IPO came under the SME category. The company had come up with an IPO at a price of Rs 122 per share. But you will be surprised to know that this share of Rs 122 is trading at Rs 987.80 on December 16, 2022. The stock is continuously hitting upper circuit. Within just 80 days of listing, the company has given a return of 710 per cent to its investors. Investors are getting a profit of Rs 865.8 on each share.
132% return in a month
A month ago the stock was trading at Rs 427. And in just one month, investors have got 131 per cent return. In the IPO of an SME company, investment has to be made for a share of at least one lakh rupees. And if an investor would have invested Rs 122000 for 1000 shares of Varanium Cloud, then his investment has increased to Rs 9,87,800 today i.e. a direct profit of Rs 8,65,800.
what does the company do
Varanium Cloud was established in 2017. The company is associated with digital audio, video and financial blockchain based streaming services. There has been a tremendous jump in the company’s revenue. In 2020-21, the company’s revenue was Rs 289.25 lakh, on which the company made a profit of Rs 289.25 lakh. In 2021-22, the revenue increased to Rs 3535.21 lakh, on which a profit of Rs 840.19 lakh has been made.
