Bitcoin bet makes microcap stock double money in 3 months, hits upper circuit for 13th day

Shares of Jetking Infotrain, a little-known Mumbai-based microcap firm, extended their gravity-defying rally on Thursday, rising 2% to hit the upper circuit for the 13th time this month. With Thursday’s move, the stock has soared 135.7% in just over three months, driven almost entirely by a bold treasury pivot into Bitcoin.

Jetking’s shares were trading at a fresh 52-week high of Rs 235.40 on Thursday, more than doubling from Rs 99.89 on April 11. The year-to-date gain now stands at 104.2%, while the 12-month return is an eye-popping 309.4%, catapulting the company’s market capitalisation to Rs 139.06 crore.

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https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-bet-makes-microcap-stock-double-money-in-3-months-hits-upper-circuit-for-13th-day/articleshow/122624815.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst