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Multibagger Stock: There are many such stocks in the stock market which give strong returns to their investors. Although investing money in the share market is very risky, but if you invest money in the right shares then you will get strong returns. Today a huge decline has been registered in the stock market. The Sensex has slipped below 60,000 and the Nifty below 18,000. At the end of today’s trading, the BSE Sensex closed at 59,845 with a decline of 980 points, while the Nifty closed at 17,806 points with a decline of 320 points. In such a situation, there has been a huge decline in today’s shares, but there are many such shares in the stock market which have given strong returns to their investors in the long term. Such shares are called multibagger shares. Today we are giving you information about the multibagger share, the name of that share is the shares of BirlaSoft, a company of CK Birla Group.
Talking about today, on December 23, 2022, a decline of 13.25 points has been recorded in BirlaSoft Shares and it has closed at Rs 283.00 today. This stock has registered a decline of about 47 percent since December 2021, but in the last 10 years, tremendous growth has been registered in the shares.
Shares gave returns of up to 1 crore to investors
Let us tell you that these shares of Birlasoft (BirlaSoft Stock Price) have given strong returns to the investors in the last 21 years. These shares have given returns of up to 810 times during this period. Let us tell you that on September 2, 2001, the price of this share was only 37 paise. Today this share has reached Rs.283. In such a situation, if you had invested even a small amount like 12 thousand rupees in this share, then today you will get a return of 1 crore rupees.
Shares are now recovering after heavy pressure
Birlasoft shares showed heavy pressure this year but now again it is showing recovery. This year, on January 10, 2022, its shares touched a record high of Rs 585.85. After this it started breaking down and by October 28, 2022, the price of its shares fell by 56 per cent to Rs 262.30. However, after this the buying of shares increased again and till now it has recovered 14 per cent. But even now it is at 49 percent discount from its record high level.
Know the record of shares of the company
Let us tell you that the shares of Birlasoft reached their record high in the year 2022 in January 2022. On January 10, 2022, these shares have touched the level of Rs 585.85. After this, a huge decline has been recorded in these shares till October. After this, some recovery has been seen in the shares since October, but today once again the share has registered a decline of 4.47 per cent. On the other hand, talking about the financial condition of the company, the net profit for the quarter has decreased in this financial year and the revenue has increased. The net profit of the company has gone up to Rs 50.06 crore and revenue to Rs 612.39 crore.
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