Multibagger Stock: Investing in penny stocks is like investing in a small business. However, the caution required while choosing stocks for one’s stock portfolio remains the same. Hence, once convinced about the company’s business model and continuous growth model, high-risk traders invest in microcap stocks as well. This type of investment gives alpha returns by a large margin in the short run. The stocks of Deep Polymers are a prime example of this. This small-cap stock has risen from around 23.50 each level to The level of 178 per share over the past four years is giving close to 650 percent returns to its loyalist position shareholders.
Deep Polymer Share Price History
As mentioned above, Deep Polymer shares are one of the multibagger penny stocks that Indian Share Market Has produced in the post-Covid rebound started in 2022. However, the stock has been subject to selloff since its launch in 2022. This multibagger stock hit a lifetime high. At the level of 458.57 on BSE in December 2021. In year-over-year (YTD) time, this small-cap stock has fallen nearly from 440 178 level, reaching close to 60 percent in 2022. However, the stock has still managed to deliver around 80 per cent returns to its shareholders over the past year. from 97 178 per share level.
Over the past two years, it has grown from Multibagger Chemical stock. 36 to 178 each level, registering an increase of about 400 percent over this time. Similarly, there has been a jump in this stock from 23.50 178 per share level over the past four years, marking an increase of nearly 650 percent over this time horizon.
So, if an investor had invested 1 lakh in this chemical stock four years ago, its would have turned into 1 lakh 7.50 lakh in this period.
Deep Polymer Share Price Details
Presently, the market cap of this Small-cap Chemicals stock is 405 crores and its trade volume is around 1.37 lakhs and there are still about two hours of trade left in Thursday’s session. This BSE listed stock has a 52-week high 458.57 each while its 52-week low 90.29 each.
Deep Polymer News
In its latest exchange filing, the small-cap chemical company has announced its foray into biodegradable polymers to promote green living and waste reduction. Following the ban on single-use plastics, the company believes that the demand for biodegradable plastics is expected to increase. The biodegradable plastics sector has been successful in shifting a significant portion of the traditional plastic consumers into its domain through endless efforts and legislations of the government.
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