If he had invested Rs 1 lakh in this stock, he would have got Rs 44.50 lakh in 10 years.
Multibagger stocks: Investing in a penny stock is considered to be very risky but high risk investors prefer to invest in such stocks as it gives a lot of returns to the shareholders in the long run. According to stock market experts, investing in stocks is like investing in a business. Nowadays, a huge number of investors are investing in startups if they are confident about the success of the small company business model. Similarly, when a high-risk investor is confident about the stability and profitability of the business model of a short-listed company, he adds such stocks to his portfolio. Keeps as long as possible. Such a strategy, at times, gives its shareholders tremendous returns.
A living example of SRF shares. It is one of the 2021 Multibagger stocks. This chemical stock has a history of giving great returns to its shareholders. Over the last 20 years, SRF’s share price has risen from Rs 3.71 (last price on NSE on February 22, 2002) to Rs 2424.50 today. During this time it has grown by about 65,250 percent.
In the last one month, the share price of SRF has increased from around Rs. 2349 to Rs. 2424. During this period it has increased by about 3.5 percent. In the last 6 months, the share price of SRF has risen 35 per cent from Rs 1812 to Rs 2424. In the last one year, this multibagger stock has risen 125 per cent from Rs 1,090 to Rs 2,424. In the last 5 years, the price of this Multibagger Chemicals stock has risen 675 percent from Rs.315 to Rs.2424.
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1 lakh rupees 6.5 crore in 20 years
If an investor had invested Rs. However, if an investor had invested Rs 1 lakh in penny stock 20 years ago and invested in this chemical stock for the whole period, his Rs 1 lakh would be Rs 6.53 crore today.
However, capital market experts are still bullish on this stock. He believes that Multibagger Chemicals stock could make a sharp jump after retreat in recent sessions. They expect the stock to reach Rs 2,600 in the next one month.
Sumit Bagdia of Choice Broking says positional investors should buy with a stop loss of ₹ 2250. In addition to this, add every autumn. It will enter the Nifty Next 50 and Nifty 100 index from March 31, 2022.
(Disclaimer: The opinions and investment advice given on dgmartpro.com are the personal opinions and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)