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Venus Pipes and Tubes Limited’s shares have doubled investors’ capital since listing, becomes one of the successful IPO of 2022
January 4: Shares of the Gujarat-based Venus Pipes and Tubes have turned out to be one of the multi-bagger stocks on 2022 on the Dalal Street. After a muted stock market debut in May 2022, share of Venus Pipes and Tubes have rallied more than 100 per cent, thus resulting in wealth gain for its […]
January 4: Shares of the Gujarat-based Venus Pipes and Tubes have turned out to be one of the multi-bagger stocks on 2022 on the Dalal Street.
After a muted stock market debut in May 2022, share of Venus Pipes and Tubes have rallied more than 100 per cent, thus resulting in wealth gain for its investors. The company’s stock quoted Rs Rs 337.50 on the NSE on listing, up 3.5 per cent from the IPO price of Rs 326. Since then, its shares have zoomed a whopping 104 per cent to double investors’ money. The stock finished at Rs 724 apiece on January 3.
The company, under the brand name Venus, supplies its products for application in diverse sectors, including chemicals, engineering, fertilisers, pharmaceuticals, power, food processing, paper and oil and gas.
