Multibagger Stock: Investing in penny stocks is quite risky as low liquidity in it leads to high volatility in case of a single trigger. However, if its fundamentals are strong, it can give good returns to its shareholders. Cosmo Ferrites shares are a prime example of this. It is one of the multibagger penny stocks in 2021. It grew from multibagger share 12 to 240, year-on-year, is giving 2000 percent return to its shareholders.
Cosmo Ferrites Share Price History
Over the past month, it has risen from the Multibagger Penny Stock. 225.70 to 240 each level, returns approximately 6 percent to its shareholders. Over the past 6 months, the penny stock price has risen from from 28.30 240, registering an increase of about 750 percent in this period. Similarly, year-on-year i.e. in 2021, the multibagger stock has moved north 12 to 240, appreciated 20 times in this period.
impact on investment
Taking cues from the share price history of this multibagger penny stock, if an investor had invested 1 lakh in this penny stock a month ago, its would have turned into 1 lakh 1.06 lakh today. If an investor had invested 1 lakh in this multibagger stock 6 months back and was invested over the counter during this period, its Must have tuned in 1 lakh 8.50 lakhs today.
Similarly, if an investor had invested Buying a stock in this stock in early 2021 for Rs 1 lakh 12, its would have been 1 lakh 20 lakh today
Multibagger penny stock is also one of the alpha stocks in 2021. The stock has given 2000 percent return to its shareholders in YTD time. During this period, NSE Nifty has given around 23 per cent while BSE Sensex has given close to 21 per cent. Hence, penny stocks have given much higher returns in 2021 as compared to the major benchmark indices Nifty and Sensex.
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