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Multibagger Stock: Investing in the stock market is very risky, but if you invest your money in the right stocks, you can get strong returns. Often investing in penny stocks is considered very risky, but these are the times stocks make investors millionaires. Today we are going to give you information about such a penny stock in which investors have got strong returns by investing. The name of this share is the shares of Kaiser Corporation. This stock has given strong returns of 1,312.16 per cent to the investors in a short period of one year. This small care share which is listed on BSE has a market cap of Rs 275 crore. Talking about Monday, this stock was trading at Rs 54.05. Let us know the details of this share-
made investors millionaires
Let us tell you that in the month of May 2021, the shares of Kaiser Corporation were trading at only 35 paise. On the other hand, if we talk about today, these shares have increased to Rs.54.50. If you had invested Rs 1 lakh in this stock 20 months ago, it would have grown to Rs 1.50 crore now. On the other hand, people investing in November 2021 would have got a return of up to 52 times. The shares of the company have reached a maximum of Rs 130.55. On the other hand, if we talk about the minimum range, it has also reached the 52-week low of Rs 3.37.
Heavy decline recorded in last 6 months
There has been a huge decline in the shares in the last 6 months. These shares have lost almost 50 per cent in the last 6 months. These shares were at Rs 103.25 in July 2022, which has now come down to Rs 54.05 on January 9. Talking about the last one month, these shares have gone down by 9 percent.
Know the details of Kaiser Corporation company-
Kaiser Corporation Limited (KCL) company was incorporated in the year 1993. The company is engaged in stationery items, cartons, magazines and company labels sectors. Along with this, the company is also associated with the business of engineering and electric goods etc. Earlier the name of this company was Kaiser Press Limited, whose name was changed to Kaiser Corporation in the year 2013.
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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