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In stock market: It is rare to see a company’s share price crossing the upper circuit for the past one month. But Intellivate Capital Ventures Ltd has broken all the records. The company’s share price has increased by 400 percent in just 6 months. Sebi has kept Intelivet Capital Ventures Limited under watch due to the increase in its shares. Let’s find out what is the reason for the rise in the company’s shares?
The stock is moving at the speed of a bullet train, buying competition, experts are bullish
In May 2022, Intellivate Capital Ventures Ltd bought a 95 percent stake in Boutonnire Hospitality. Boutonnier Hospitality Coffee Company owns 88.35 percent stake in Barista Coffee. At the same time, Boutonnier Hospitality holds a 100 percent stake in Kaizen Restaurants. After the acquisition, the shares of both these companies have increased.
5000 crore work, competition to buy shares seeing strong performance
SEBI is monitoring the company
In the last 6 months, the share price of the company has seen an increase of more than 400 percent. The good news for investors is that the shares of the company have been in the upper circuit continuously for the past one month. Shares of Intellivet Capital Ventures Limited also touched an upper circuit of 2 percent on Monday. After which the share price of the company has reached the level of 64.21 rupees.