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Multibagger Stock List 2023: Investors of the Share Market often keep discussing about multibagger shares. Those stocks are called multibagger, which make their investors’ money at least double. Today we are going to tell you about one such stock, which has not increased the wealth of its investors by two or three times but by more than 2000 percent. Moreover, now the investors of this share are going to get 100% bumper dividend.
This company works
This is the story of small cap company Rajratan Global Wire Ltd. The market capitalization of this company is just Rs 4,230 crore. The company produces drawn steel wires for industrial use. The company has expertise in wires used especially in the automotive, construction and engineering industries. It is India’s largest manufacturer and supplier of bead wire.
Now this is the share price
The share price of Rajratan Global Wire Ltd (Rajratan Global Wire Ltd Share Price) is currently Rs.860. On Friday, the stock fell nearly 2.50 per cent to close at Rs 860 on the BSE. Talking about the last week, during this period the share price of Rajratan Global Wire Limited has gone up by about 11 percent.
Average performance in last one year
The share price of Rajratan Global Wire Limited has increased by about 10 percent during the last one month. At the same time, during the last six months, it has weakened by about 6 percent. This year has also not been special for it and during this period it has fallen by more than 3.50 per cent. In this way, this stock has not performed well in the short term.
more than 2200 percent faster
In the last one year, this stock has given more than 30% returns. At the same time, its returns during the last 3 years are surprising. During this, there has been a tremendous rally of more than 2200 percent in the share price of Rajratan Global Wire Limited. About three years ago, the price of its one share was less than Rs 40, which has now become Rs 860.
so low from the high level
However, right now this stock is trading very low from its high level. It touched a high of Rs 1409 on 08 September 2022. On the other hand, on June 17, 2022, this share was at a 52-week low of Rs 539.40. Right now this share is in discussion again. The company has announced to give 100 percent dividend to its investors.
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. ABPLive.com It is never advised to invest money here.)
read this also: Dearness allowance may increase in July as well, then Modi government is preparing to give a gift!
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