HomeTech newsThis banking stock made investors millionaires! Got a return of 6...

This banking stock made investors millionaires! Got a return of 6 lakhs on an investment of 1 lakh

Multibagger Stocks: The phase of upheaval continues in the Share Market. There are many such stocks in the market which have made their investors millionaires. Such shares are called Multibagger Stocks. Today we are giving information about one such multibagger share. Kotak Mahindra Bank Shares has given strong returns to its investors in the last few years. In this, the money of the investors has been increased up to 8000%. The shares of this bank were listed at Rs 2 only, which have now gone up to Rs 1900. At the same time, this share has touched the maximum figure of Rs 2,107.50.

Kotak Mahindra Bank Share Record
Talking about the record of shares of Kotak Mahindra Bank share, it was listed on the Bombay Stock Exchange in the year 2001 on October 19. At the time of listing, the share price was Rs 1.90. On the other hand, if we talk about 17 November 2022, then this share is trending at Rs 1,949.95. In such a situation, in the last 21 years, the shares of Kotak Mahindra Bank (Kotak Mahindra Bank Shares Price) have given investors a return of more than 8000%.

Know about the bonus history of the bank
Kotak Mahindra Bank has also given bonus shares to its investors several times after listing on the stock exchange. In the year 2008, dividend payment was announced to all the share holders. Along with this, once again in the month of July 2015, this share holder got shares in the ratio of 1:1. In such a situation, instead of one share, the investors got one more share. In such a situation, the price of shares of each investor has doubled.

Investors made huge profits
If an investor had invested Rs 1 lakh with the listing of this stock in the year 2001, then he would now get a full return of up to Rs 10.15 lakh. On the other hand, if we talk about the last 10 years, this stock has given maximum returns to the investors during this period. 10 years ago, this share was at around Rs 310.55. And now it has increased to Rs 1,949.95. In such a situation, an investment of Rs 1 lakh in the last 10 years would have given a return of more than Rs 6 lakh till now.

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Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)



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