Saturday, February 17, 2024
Home News ₹0.2 to ₹69: Multibagger penny stock turns ₹1 lakh to ₹3.46 crore...

₹0.2 to ₹69: Multibagger penny stock turns ₹1 lakh to ₹3.46 crore in 2 years

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.

Stock,

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.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments