Ethos share price surged up over 7% today to hit a new 52-week high of ₹1,292.80.
What Happened: The company today announced partnering with Swiss watch manufacturer Laurent Ferrier. “Swiss watch manufacturer Laurent Ferrier has agreed to enter India under an exclusive partnership with Ethos Limited,” the company said in a press release.
The announcement saw the share of the company breaking its two-day losing streak on Thursday. The stock has performed well on the bourses in the past month. Ethos share price has gone up over 22% in the past month.
Now for the part you are looking for How Much Money You’d Have Today If You Invested In Ethos IPO Instead Of That Luxury Watch A Year Ago?
The Ethos IPO was launched in May last year. The price band for the IPO was ₹836-₹878 and the lot size was 17 shares. Now if you bought a luxury watch from one of the brands that Ethos is an authorised retailer for – Ethos is an authorised retailer of over 50 luxury watches brands such as Rolex, BVLGARI, and Tissot – it would have cost you anywhere between ₹40,000 to ₹10 lakhs or maybe more.
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Now for the purpose of this article, if you invested ₹45,000 to buy the Ethos IPO at the maximum price band i.e. ₹878, it would have fetched you around 3 lots or 51 shares. Today, with the surge, those 51 shares would have been worth around ₹65,892 – an over 45% return on investment.
Price Action: Ethos share price simmered down a little in the afternoon hours of trading on Thursday to trade 2.92% higher at ₹1,224.15.
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