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Multibagger Stock: Investing in the stock market is considered very risky, but if you invest in the right stocks, you can get strong returns. There are many such stocks in the stock market which have given huge returns to their investors in short or long term. Such shares are called Multibagger Shares. Today, the name of the share about which we are going to give you information is the shares of Poly Medicure. Talking about today, a decline of 3.45 per cent has been recorded in the shares of the company. On the other hand, the shares of the company registered a gain of 2.29 per cent on Tuesday and closed at Rs 890. Today these shares have closed at Rs.864.50. Poly Medicure shares have given strong returns to investors and made investors millionaires with an investment of just Rs 32,000. This share has proved to be a multibagger for long term investors. Let us know the details of this share-
Got a return of 1 crore on an investment of 32 thousand rupees-
This stock has given very high returns to the investors since 2009. These shares were being sold on January 30, 2009 at Rs 2.81 per share. After this, a strong jump has been recorded in this stock and till yesterday it had reached Rs.890. In such a situation, an increase of more than 31573 percent has been recorded in this stock. If by that time an investor would have invested Rs 32,000 in this stock, then his money would have increased by 317 times in 14 years. Now you will get a return of Rs 1.01 crore by investing in it.
Shares of the company gave strong returns in the short term
On the other hand, in the short term, the shares of this company were at Rs 652.30 per share on 26 May 2022. After this, the shares of the company registered an increase and it reached Rs 1,044.40. But after this, selling pressure has been seen once again in these shares and this share has closed at Rs.864.50.
Know the details of the company
According to brokerage firm ICICI Securities, the company can give strong returns to investors in the coming times. The company’s October to December quarter results have been very good. The company’s revenue has increased by 23.7 percent and has reached Rs 280 crore. At the same time, an increase of about 50 percent has been registered in the profit of the company and it has reached more than 50 crores.
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