Multibagger Stock: A small stock made a big profit, money doubled in 1 year and 11 times in 8 years

Multibagger Inventory: Shares in small-cap Rama Steel Tubes rose 9.97 percent to Rs.34.41 on the BSE in the latest trading session on Friday, May 12. For a long time, the company’s shares have been gaining momentum with a market capitalization of Rs. 1,602 billion. Rama Steel’s stock surge comes as the company is set to release its March quarterly results in the next few days. In the last year alone, this stock has doubled its investors’ money. The surge in this Multibagger stock ahead of the quarterly results release is an indication that investors are confident that the quarterly results will be stellar.

Established in 1974, Rama Steel Tubes is engaged in the business of iron and steel products. This company is one of the leading companies in the country producing steel pipe, PVC and GI pipe. The company’s stock is up 9 percent over the past month. In contrast, in 2023, Rama Steel Tubes’ share fell by 2.52 percent.

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Double money in a year
money control According to a report, shares of Rama Steel Tubes are among stocks that have more than doubled their investors’ money in the last year. A year ago the share price was 13.33 rupees, today it has risen to 34.41 rupees. In this way, within a year, there was a rise in this stock by about 158 ​​percent. If an investor had invested Rs. 100,000 in this stock a year ago and kept his investment, his Rs. 1,000,000 would be Rs. 258,139 today.

The money has increased elevenfold in 8 years
Rama Steel Tubes stock has also proven to be a multi-bagger over the long term. About 8 years ago, on August 28, 2015, the price of this stock was only 2.99 rupees, today it has risen to 34.41 rupees. In this way, its share has increased by around 1,050% over the past 8 years. If an investor invested Rs 100,000 in this stock eight years ago and held it, the value of his investment today is Rs 1,150,501.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in these, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )

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