Multibagger Stock: Investing in the share market is full of risk, but there are some stocks in the market that give strong returns to their investors in the long run. Today we are going to give you information about such stocks of IT sector, by investing in which many investors have got strong returns in the long term. This stock is kept in the category of Multibagger Stock. This share is Wipro, a big company in the IT sector. The shares of this company have given strong returns to its investors in the long run. Investors who invested Rs 1 lakh in the last 14 years got a return of Rs 36 lakh.
Learn the history of Wipro shares-
India’s leading IT company Wipro Shares gives strong returns to its investors. This company has announced to give bonus to its shareholders a total of 3 times in 14 years. In the month of March 2009, the share price of Wipro was Rs 50, which has now increased to Rs 413.00 per share. In a span of 14 years, the company has announced to give bonus to investors a total of three times i.e. in the years 2010, 2017 and 2019. In June 2010, the company announced bonus in the ratio of 1:1. On the other hand, in the month of June in the year 2017, in the ratio of 1:1 and in the month of 2019, in the ratio of 1:3, Wipro has given bonus to its investors.
Gave strong returns to investors
Let us tell you that investors who had invested Rs 1 lakh in the year 2009 would have got 20,000 Wipro shares instead of Rs 1 lakh. Talking about the total bonus of 14 years, these shares have increased in the ratio of 1:1, 1:1 and 1:3. In such a situation, these shares would now have been converted into 8,885 shares.
Got a return of Rs 36 lakh
Let us tell you that if at that time 20,000 shares of Rs 1 lakh have now been converted into 8,885 shares. In such a situation, if we talk about today’s market price, then by multiplying it in 413 x 8,885, investors would have got a strong return of Rs 36 lakh at present. In such a situation, this big IT company has made investors rich.
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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