New Delhi. These stocks are called penny stocks. Penny stocks are very cheap, but these stocks give strong returns. By the way, investing money in these stocks is very risky. Penny stocks are stocks priced at less or less than 10 rupees. At the same time, the company’s market is also smaller. Many investors continue to put money into penny stocks in search of multibagger stocks. Penny stocks are also viewed by many investors as a way to get rich in no time. But this path is often full of thorns. But the stock we’re talking about today has turned its investors into millionaires.
We are talking about Raj Rayon Industries shares. This stock is one of those multibagger stocks that has provided strong returns for its investors. This small-cap penny stock has become a multibagger stock over the last year as its price rose from around £1.70 a share to £67.85 a share. During that period, this stock brought investors a return of around 3,900 percent.
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Gave 33,900% return in 2 years
However, those investors who believe in long-term holding have earned even more from this stock. Over the past six months, this multibagger small-cap stock has surged from £16.80 to £67.85 per share and has returned nearly 300% to its shareholders. Over the past year, Multibagger’s stock has gone from £1.70 to £67.85 per share, up nearly 3,900% over that time. Similarly, this penny stock has moved from ₹0.20 to ₹67.85 over the past two years, recording a growth of 33,900 percent in that time.
1 lakh became more than 3 crore
If an investor invested 1 lakh in this Multibagger stock a month ago, his 1 lakh would have turned into £85,000. If an investor had invested 1 lakh in this multibagger penny stock at the beginning of the new year 2023, his 1 lakh would have become 1.85 lakh in YTD time. If an investor invested 1 lakh in this Multibagger stock six months ago, his 1 lakh would have become 4 lakh today. If an investor invested Rs 1,000 in this penny stock a year ago, his Rs 1,000 would have become Rs 40,000 today. On the other hand, if an investor invested 1 lakh in this Multibagger stock two years ago, his 1 lakh would have become 3.40 crore today.
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Keywords: Business News in Hindi, Multibagger Stocks, stock options, share return
FIRST RELEASED : March 28, 2023
