[ad_1]
You must have heard a lot about share market and multibagger shares. You must also know about penny stocks. You must have also seen such penny stocks, which in no time became included in the list of multibaggers. If a stock doubles the money of its investors at least, then it becomes a multibagger. Now if we tell you a stock, which has not increased its investors’ money two, three, four or ten times but more than 250 times, then you will definitely be surprised.
This stock is currently at this level
Today we have brought for you the story of a small company, which is miles ahead of big companies in running in the stock market. This is the story of textile company Raj Rayon Industries Ltd. Still the value of its share is not very high. In Monday’s trading, the stock fell nearly 2 per cent to close at Rs 50.75 on the NSE.
not well last 6 months
Last 6 months have not been special for this textile stock. Its prices are almost stable during the last 6 months. After that there was a significant decline in it. As per the last one month, this stock is running down by about 27 per cent, while in the last 5 days its price is at a loss of about 8 per cent. It is well below its 52-week high. The stock’s 52-week high is Rs 70.95, while Monday’s closing is its new 52-week low.
This is how the stock jumped
However, as soon as the period is increased a little, this stock starts proving tremendous. If we look at the account from January this year till now, it is in profit of about 40 percent. In the last one year, the price of Raj Rayon has gone up by about 375 percent. At the same time, according to 5 years, it has jumped more than 25000 percent.
5 years ago the share was 20 paise
Right now the market cap of Raj Rayon company is a little over Rs 2,800 crore. In this context, it is a small cap company. About 5 years ago from today i.e. on July 27, 2018, the price of one share was only 20 paise. This means that the stock has gained 253 times in the last 5 years. This calculation shows that if 5 years ago someone had invested just Rs 500 in it, today the value of his investment would have increased to more than Rs 1.25 lakh.
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
read this also: Have you heard about this feature, which gives the benefit of FD even on a normal savings account?
[ad_2]
Source link