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Most of the investors investing money in the Share Market are in search of such stocks, which can give multibagger returns. Such stocks multiply the wealth of their investors manifold in a short span of time. Today we are going to tell you about one such stock, which has given such returns during the last few years that you will be surprised to know…
Now this is the share price
We are talking about the shares of Apollo Pipes Limited, a pipe manufacturing company. The stock of this smallcap company has given a whopping 11000% return in the last 10 years. Talking about today, this stock was trading near Rs 550 on NSE with a gain of around 0.80 per cent in the afternoon trade. However, this week has not been special for it and during this time the share price of Apollo Pipes has remained almost stable.
Sometimes the price was less than 5 rupees
The share price of Apollo Pipes has gained about 13 per cent during the last one month. Now its price may have reached close to Rs 550, but 10 years ago it was counted in penny stocks, that is, then its price was in pennies. In the year 2013, one share of Apollo Pipes was available for less than Rs.5.
This much is the mcap of the company
About a year and a half ago, when the domestic stock markets had set a record high, this stock also reached its record price. In October 2021, it was trading near Rs.650. The last 52-week high of this stock is Rs.633, while the 52-week low is Rs.402. The market capitalization of this company, which manufactures products like pipe fittings, sprinkler systems and solvent cement, is currently around Rs 2150 crore.
Historical performance of the stock
Looking at the historical performance of Apollo Pipes stock, it has gained only 5.50 per cent during the last six months. At the same time, its price has increased by about 8 percent so far this year. In the last one year, it has jumped a little more than 13 percent, while in the last five years its price has increased by more than 360 percent.
Millionaire who invested lakhs
Looking at the way this stock has given returns, if an investor had invested just Rs 10,000 in its shares 10 years ago i.e. in the year 2013, and if he had saved it in his portfolio, then his holding would have The value would have increased to Rs 11 lakh today. On the other hand, if an investor had invested Rs 01 lakh then, he would have had shares of Apollo Pipes worth about Rs 1.10 crore now.
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.)
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