Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds true when it comes to penny stock investing because investing in a stock means investing in a business, regardless of its size. If a company is equipped enough to grow faster, then one should not look at the size of its business. Similarly, if a stock is good enough for investment, one should not look at whether it is small, medium or large, or even a penny stock.
To understand how a long-term stock market investor can earn multiples, we need to look at the journey of Suraj Products stock. In the last four years, this multibagger stock has increased from around ₹8 to ₹445, delivering about a 5,400 percent return to its positional long-term investors.
Read also: Gold rate today at a four-week high. Should you buy into this rally?
The share price history of Suraj Products
In the last month, the shares of Suraj Products increased from 425 to ₹445 apiece on BSE, registering over 4 percent increase in this time. In the last six months, the share price of Suraj Products has risen ₹229 to ₹445 per share level, registering a 95 percent increase in this time. In the last one year, this multibagger stock has appreciated from ₹135 to ₹445 apiece on BSE, registering close to 230 percent increase in this time.
In the last two years, the share price of Suraj Products has risen from 112 to ₹445 per level, registering a 300 percent increase in this time. In the last three years, this multibagger stock has increased from around ₹35 to ₹445 per levels, recording to the tune of 1200 percent accumulation at this time.
Read also: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday
Likewise, in the last four years, this multibagger stock has risen by 5400 percent.
Impact on investment
Taking a signal from Suraj Products share price history, if an investor has invested ₹1 lakh in this multibagger stock six months ago, it ₹1 lakh would have turned to ₹1.95 lakh today. If an investor had invested ₹1 lakh in this mootibagger stock a year ago, it ₹1 lakh would have turned to ₹3.30 lakh today. Likewise, if an investor had invested ₹1 lakh in Suraj Products shares three years ago, its ₹1 lakh would have turned to ₹13 lakh today.
Read also: SBI Q3 results 2024: Market estimates better set of numbers on lower slippages
Similarly, if an investor invested ₹1 lakh in this multibagger stock four years ago and has remained invested in the writing till date, its ₹1 lakh would have turned to ₹55 lakhs today.
Shares of Suraj Products are available for trading only on BSE. It ended on Friday with a trading volume of 5,656 only. This means that this multibagger stock is a low-float stock that is suitable for high-risk investors. It ended on Friday with a market cap of ₹506 crores. The 52-week high of this BSE-listed small-cap is 455.60 while the 52-week low is. ₹116.50.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Here’s your comprehensive 3-minute summary of everything Finance Minister Nirmala Sitharaman said in her budget speech: Click to download!
Catch all Business News, Market News, Breaking News and Latest News Updates on Live Mint. Check out all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More or less
Published: 03 Feb 2024, 12:50 IST