Despite the bloodbath, only buyers were seen in this multibagger that generated 262 per cent returns in just one month!

Following the announcement of a 75-basis-point interest rate hike by US Federal Reserve, all major global indices plunged while many of them continued to fall. Due to the weakening of the global economy, a majority of the Asian markets were trading lower.   

The Indian domestic bourses experienced a bloodbath on Friday. Sensex slumped more than 1,000 points while Nifty 50 slipped 1.72 per cent. BSE Power was the worst-performing sector, losing 3.40 per cent, with 15 sectors slipping over a per cent each.  

In such a weak market, some stocks have piqued the interest of investors due to their strong upward movement. On an intraday basis on Friday, the shares of Virgo Global surged, achieving a 52-week high of Rs 3.26 per share on BSE after being locked in the 5 per cent upper circuit.      

The stock soared 386 per cent in the last six months after hitting back-to-back upper circuits and its shareholders have enjoyed fabulous returns of 262 per cent in just one month! An investment of Rs 1 lakh made in this stock a month ago would now be worth over Rs 3.6 lakh!  

The company manufactures, trades, deals in and maintains computer systems, software & hardware. It also assembles data processors and creates programme designs.  

Keep a close eye on this scrip for the upcoming sessions!