Multibagger Penny Stock: The stock that made 1 lakh to 11 crores, you may not believe it after hearing it, but it is the reality. Today we will tell you about a similar stock of 89 paise, which made 1 lakh 11 crores.
Multibagger Penny Stock: It is said that whoever understands the stock market, his words become different. That is why when in the stock market who will reach the floor to the floor, it cannot be said. Similarly, a slight mistake here can land you on the floor. Yes, here today we are telling you about such a stock which has taken the investment of only 1 lakh rupees to 11 crores. Let’s know about this share.
Journey from 89 paise to 979 rupees
The penny stock we are talking about today belongs to the footwear company Relaxo Footwears. In the last few years, this stock has increased from 89 paise to Rs 979. Yes, this stock has given a return of 1.10 lakh percent. That is, whoever has invested Rs 1 lakh in the share at that time and has allowed it to last till today, then he is the owner of the entire Rs 11 crore today.
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52 weeks record high level Rs 1,448
The company’s stock we are talking about is Relaxo Footwears. The 52-week high of the share of Relaxo Footwears Limited is Rs 1,448 and the low level of this period is Rs 925. The stock was at 89 paise on the Bombay Stock Exchange (BSE) on 10 January 2003. Now this stock is trading at Rs 979 on 6th July. In the trading session that closed on July 5, it had closed at Rs 980.
If a person has invested Rs 1 lakh in this stock on January 10, 2023
and if he has not withdrawn it yet, then today it has increased to the level of 11 crores. Looking at this return, the investors are saying that the way this stock has given tremendous returns, it seems that there is no one in its competition.
All the records of returns left behind in
10 years Talking about the returns of the last 10 years, this stock has given tremendous returns in the last 10 years as well. The company’s stock was at Rs 24.11 on BSE on 22 June 2012. But in the session that closed on July 5, it increased and closed at Rs 980. At that time also if someone would have invested 1 lakh rupees in it, then it increased to 40 lakh rupees.
The record high level of the stock is Rs 1,448. Now it is trading tax at Rs.980. According to this, at present it has come down by about Rs 470. In such a situation, experts say that this stock can give good returns in a short wait.
