Key Highlights:
- Stock jumped from Rs 2.16 to Rs 28.57 in less than 6 months – a 1200 percent gain.
- Gave 100 percent returns in just 1.5 months and 228 percent in 3 months.
- The current stock price is around Rs 28.57 – almost equal to the cost of 1 kg of salt.
Mumbai: Covance Softsol Ltd, a small IT company, has shocked the market with its stunning rally. The stock has become a multibagger, delivering over 1200 percent return in just under 6 months. On Monday, the stock hit a 2 percent upper circuit, closing at Rs 28.57 — a price nearly equal to a kilogram of salt, as social media users jokingly point out.
Despite being a lesser-known stock, Covance Softsol has been consistently hitting upper circuits for several days.
Doubled Money in 1.5 Months
Covance Softsol has doubled investors’ money in just one and a half months. On June 13, the stock was priced at Rs 14.14, and by August 4, it had surged to Rs 28.57. That’s a 100 percent gain in just 45 days.
If someone had invested Rs 1 lakh in the stock in mid-June, their investment would now be worth Rs 2 lakh.
Tripled in 3 Months, 13x in 6 Months
Looking back 3 months, Covance Softsol was priced at just Rs 8.72. It has since risen over 228 percent , turning Rs 1 lakh into Rs 3.28 lakh — adding Rs 2.28 lakh in profit.
But the most impressive gain comes from the last 5.5 months. On February 24, the share was trading at just Rs 2.16. As of now, it’s at Rs 28.57, marking a jump of over 1200 percent .
An investment of Rs 1 lakh in February would be worth over Rs 13 lakh today, generating Rs 12 lakh profit in less than half a year.
What Does the Company Do?
Covance Softsol Ltd was founded in 2023 and operates in the software development and IT services space. The company provides solutions such as business process transformation, data transformation, and tool-assisted modernization.
Its registered office is in Telangana, and it serves clients like ArcelorMittal, Cisco, and HBO. According to BSE, the company’s current market cap is Rs 42.18 crore.
Disclaimer: The information provided here is for educational and informational purposes only and should not be considered as financial advice or a stock recommendation. Stock market investments are subject to market risks. Please consult a certified financial advisor or do your own research before making any investment decisions.
