The share of 3 rupees reached 304 making investors millionaires. Do you own this stock?

New Delhi. The stock market is the best way to make more money in less time. However, making money quickly is not for everyone here. Many people have also fallen into poverty on their way to making quick money. At the same time, in the long run, the risk is lower and the chance of winning increases significantly. This is evidenced by the share price of Cochin Minerals and Rutile, a leading specialty chemicals company. This share used to cost less than 3 rupees, now it is selling for 304 rupees after a rise of 10764 per cent.

You have to wait a while for this, but 10,000 percent profit is not a trivial matter. Also that from a penny stock in which thousands of shares can be bought by investing Rs 1-2 lakh. In 2001, on March 30, this stock was sold at Rs. 2.80 while its price is now Rs. 304.20. Anyone who left it after investing money in it would have become rich today.

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What is the yield for 1 lakh?
If an investor had invested Rs 1 lakh in this stock in March 2001, they would have been allotted 35,714 shares. Today, the value of these shares has risen to Rs. 1,085 crore from Rs. 314 crore. It’s not like this stock has only stood the test of time over the long term. This stock hasn’t disappointed even short-term investors. On July 4 last year, the share price was 103 rupees. Today, after about 11 months, it is being sold for 201 rupees above it. At that point, there was some decline in this stock. In May, this stock was trading at 405 rupees. This was also his record high. From that level, it’s down about 25 percent.

What does the company do?
Cochin Minerals and Rutile Limited is engaged in the manufacture of synthetic rutile. It is known for the best quality in its field. However, the company’s profit has declined slightly. In the January-March quarter, the company’s net profit fell 23 percent from Rs.16.81 crore to Rs.13 crore.

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