This stock is raining money, 20 paise share showed such amazing results, 1 lakh became more than 3 crores
New Delhi. Such stocks are called penny stocks. Penny stocks are priced very low but these stocks give strong returns. By the way, investing money in these stocks is very risky. Penny stocks are those shares whose price is less or less than 10 rupees. Along with this, the market of the company is also less. Many investors keep investing money in penny stocks in search of multibagger stocks. Penny stocks are also considered by many investors as a way to get rich in no time. But this path is often full of thorns. But the stock we are talking about today has made its investors millionaires.
We are talking about the shares of Raj Rayon Industries. This stock is one of those multibagger stocks which has given strong returns to its investors. This small-cap penny stock turned into a multibagger stock in the last one year as its price rose from around ₹1.70 per share to ₹67.85 per share. During this period, this stock gave a return of about 3,900 percent to the investors.
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Gave 33,900% return in 2 years
However, those investors who believe in holding for long term have earned even more from this stock. In the last six months, this multibagger small-cap stock has risen from ₹16.80 to ₹67.85 per share, giving its shareholders nearly 300 per cent return. In the last one year, the multibagger stock has risen from ₹1.70 to ₹67.85 per share, a gain of nearly 3,900 per cent during this time. Similarly, in the last two years, this penny stock has moved from ₹0.20 to ₹67.85, registering a growth of 33,900 per cent during this time.
1 lakh became more than 3 crore
If an investor had invested ₹1 lakh in this multibagger stock a month ago, his ₹1 lakh would have turned into ₹85,000. If an investor had invested ₹1 Lakh in this multibagger penny stock at the beginning of New Year 2023, then his ₹1 Lakh would have turned into ₹1.85 Lakh in YTD time. If an investor had invested ₹1 lakh in this multibagger stock six months ago, his ₹1 lakh would have turned into ₹4 lakh today. Similarly, if an investor had invested Rs 1 lakh in this penny stock a year ago, his Rs 1 lakh would have become Rs 40 lakh today. On the other hand, if an investor had invested ₹ 1 lakh in this multibagger stock two years back, then his ₹ 1 lakh would have become ₹ 3.40 crore today.
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Tags: business news in hindi, multibagger stocks, stock options, stock return
FIRST PUBLISHED : March 28, 2023