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Multibagger Stock: There is an increase and decrease in the stock in the stock market every day. Some such stocks have also been seen, which have made investors rich in a short span of time. We are giving you information about one such stock market. This stock has given a return of 4291% in the last 6 months. Meaning, if someone had invested money in it 6 months back, he would get lakhs of rupees.
The shares of Baroda Rayon Corporation Ltd company were listed on BSE on June 1, when the price of these shares was Rs 4.64. Now the shares of this company are trading at Rs.345. Although the shares of the company fell by 4.99 percent on Friday. If an investor had invested Rs 1 lakh in this stock on June 1, he would have got Rs 45 lakh today.
164% return in a month
The stock of Baroda Rayon itself has given tremendous returns during a month. Its shares were at Rs 80.30 on 2 September, but by 30 September it has reached Rs 212.30 per share. Baroda Rayon’s stock has given a return of 164% in this one month. At the same time, during the last month, its shares have fallen by 27.62 per cent from Rs 477 to Rs 345 per share.
This stock is falling since last one month
Investors would have got Rs 2.64 lakh instead of Rs 1 lakh on the shares bought in the month of September, but if someone had invested Rs 1 lakh in this share on November 18, then his Rs 1 lakh would have been converted into Rs 72,680. That means he would have incurred a loss of Rs 27,620.
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what does the company do
Baroda Rayon Corporation Ltd company is headquartered in Gujarat and is a textile firm. The market cap of the company is Rs 486.41 crore. The company is engaged in the business of making filament rayon yarn, sulfuric acid, anhydrous sodium sulfate, carbon disulfide and nylon yarn.
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