Question

Authorized capital of SPIC Ltd is Rs 400000 which is divided in 40000 equity shares of Rs 10 each. Out of these shares 18000 shares have been issued to the public, payable as Re 1 on application, Rs 2 on allotment, Rs 3 on first call and Rs 4 on final call.​

Answer 1

Explanation:

Stock generated 225.58% return as compared to S&P BSE Basic Materials which gave investors 119.51% return over 3 year time period. (as of last trading session)