Multibagger Stock: Investing in penny stocks is highly risky because there is high volatility over the counter from a single growth in the company. However, if the company has strong fundamentals and a promising business model, one can expect bumper returns from the stock soon. Simplex Papers Share is a living example of this. This paper product has increased the company’s stock from 1 A return of over 7,000 per cent to its shareholders over this time horizon, up from 71.30 in the past one year.
So for those investors who wanted to become a millionaire in a year, this could be a better option. If the amount available for investment was smaller, it would certainly have made the investor a rich person at a faster rate.
Simplex Papers Share Price History
The stock of Simplex Papers has been going through a sell-off phase for the past one month. In the past one week, Multibagger Penny stock has hit the lower circuit in all the 5 trading sessions. In the last one week, it has fallen by about 14 per cent. Over the past month, penny stocks hit their all-time highs It is in a sell-off phase at 122.70 level and thereafter. Multibagger stock has given only 2.50 per cent return to its shareholders. Similarly, in the last 6 months, this multibagger penny has risen from the stock from 4.41 71.30, appreciating 1500 per cent in this period.
Similarly, over the past year, Multibagger Penny Stocks have risen from 1 71.30 each level, registering an increase of over 7,000 percent over the period.
impact on investors
Taking cues from Simplex Papers share price history if an investor had invested 1 lakh in this multibagger penny stock a week ago, its would have turned into 1 lakh 86 lakhs today while it would have been tuned 1.02 lakh in a month. If an investor had invested 1 lakh in this stock 6 months ago, its would have turned into 1 lakh 16 lakh today
Similarly, if an investor had invested 1 million in this multibagger penny stock were buying a stock a year ago 1 piece, its would have been around 1 lakh 71 lakhs today, provided the investor remains invested in the counter during this period.
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