Stock of Multibaggers: One of India’s multibagger stocks, Raj Rayon Industries shares offer enormous returns in comparison to their cost. In point of fact, this penny stock with a small market cap rose from approximately 1.65 per 69.20, offering positional investors returns of nearly 4,100%. However, once investors are convinced of the business’s stability, those who believe in holding for a longer time have made even more money. This multibagger penny stock has risen from 0.20 69.20 levels each over the past two years, providing its devoted investors with returns of approximately 3,45,000 percent.
The share price history of Raj Rayon Industries This multibagger penny stock has been base building for the past month, losing approximately 10%. However, over the course of the past year (YTD), this multibagger stock has increased from a level of 36.90 to 69.20 cents per share, resulting in an 85% return for shareholders. This multibagger small-cap stock has increased from 16.20 to 69.20 levels each over the past six months, delivering approximately 325 percent returns to shareholders. Since the 1.65 69.20 per share level one year ago, this multibagger stock has increased by approximately 4,100 percent. Similarly, the price of this penny stock has skyrocketed over the past two years. from 0.20 to 69.20, representing a 3,45,000 percent increase during that time.
Following Raj Rayon Enterprises share cost history in the event that a financial backer had put 1 lakh in this multibagger stock a month back, its becomes 1 lakh 90,000 in this time. However, if an investor had invested Rs 1 lakh in this multibagger penny stock at the start of the new year 2023, that amount would have increased to Rs 1.85 lakh by the end of the year. If an investor had put one lakh into this multibagger stock six months ago, that amount has increased to one lakh and four lakhs today. In a similar vein, a one-lakh-dollar investment in this penny stock one year ago would now equal one lakh, 42 lakhs.
In a similar vein, if an investor had made a one-lakh-dollar investment in this multibagger stock two years ago, that investment would have grown to one-lakh-dollars, or 3.46 crore, today, as long as the investors continued to hold the stock.
On the NSE and BSE, this multibagger penny stock can be traded. Friday saw 1,505 trades for the multibagger stock on the NSE, indicating that it has a low float. 3,848 crores is its market value. On the NSE, a small-cap multibagger stock has reached its 52-week low of 1.60, while its 52-week high is 89.75.