Multibagger Stock: Earned a mountain of money in 5 years! Even the one who invested 1 lakh is now playing in crores.

Multibagger Bearing The stock market has brightened the fortunes of many people, and many people have gone there even after losing money. There are also some such stocks on the stock market that have proven to be a philosopher’s stone for investors. These multibagger stocks have turned investors from millionaires to millionaires in just a few short years. The best Agrolife stock included in Multibagger shares took just five years to make even a millennial a millionaire. This is because the share price has gone from Rs.4.20 to Rs.1046.85 in just five years. The person who invested Rs 41,000 in Best Agrolife shares five years ago is also a millionaire today. As of today, this stock is trading on the BSE at 1,047.40 rupees, up 0.83 percent.

As for the stock movement over the last year, on 1st July 2022 it hit the yearly low of Rs.798.60. It then surged 122 percent in five months to hit a one-year high of Rs.1,774.45. After that, however, the stock’s rally halted and is currently at a 41 percent discount from that high. Best Agrolife shares have fallen about 32 percent in 2023. Over the past month, this stock has regained momentum and is up 13 percent so far.

Also read this — The “sweetness” of this sugar stock is more than the sugar, investors are getting a lot of money, not double or triple the money, but eight times the money

The company’s business is big
Best Agrolife manufactures insecticides, herbicides, fungicides and plant growth regulators. Overall, the company has a wide range of products. Its products are sold worldwide. Best Agrolife suffered a loss of Rs.32.44 crore in the March quarter. In the December quarter of 2022, the company achieved a net profit of Rs.9.20 crore. During the March quarter, the company’s founders increased their stake from 48.20 percent to 50.10 percent on a quarterly basis.

24,790 percent increase in 5 years
Over the long term, Best Agrolife shares have been driving investors crazy. This stock’s gain was 24,790 percent in five years. On June 22, 2018 Best Agrolife shares were available for only Rs.4.20. Now it is available at the price of 1047.40 rupees. If an investor invested Rs 1 lakh in this Multibagger stock five years ago and has held it until now, today the investment value has increased to Rs 24,938,095. At the same time, the investor who invested 41,000 rupees in this stock is also a millionaire today.

(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, 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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