stock market investors are expecting Multibagger Stock for 2022 Keep in mind that Rome was not built in a day and there is no shortcut to earning money. As the stock market slumped in 2020 after the outbreak of Covid-19, many stocks in India have entered the list of multibagger stocks in the last two years, but that does not mean that you will get multibagger returns on regular basis . While investing in the stock market, a strategy of ‘buy, hold and forget’ needs to be developed as the money is not in buying and selling stocks but in holding. Therefore, one should try to hold the stock for as long as possible as investing in stocks for a longer duration can give huge returns to its investors.
The shares of Bajaj Finance are a vivid example of how patience pays off its investors. This share of Bajaj Group has increased from 29.18 from each level (closing price on 11th Feb 2010 on NSE) 7148 levels (closing price on 4th February 2022 on NSE), registering an increase of about 24,400 per cent in this period of almost 12 years.
Bajaj Finance Share Price History
This stock of the non-banking financial company has been in the grip of sell-off for the last one month. During this the stock has declined from around from 7750 7148 level, logging close to 8 percent in this period. In the last 6 months, the shares of Bajaj Finance have jumped from around from 6225 7148 levels, appreciating around 15 per cent. In the past one year, the share price of this Bajaj Finserv subsidiary has risen by approx. from 5500 7148 at each level, yielding approximately 30 percent return to its shareholders. Similarly, in the last 5 years, the share price of Bajaj Finance has risen by approx. from 1090 7148 levels, an increase of about 575 percent over the period.
Similarly, in the last 10 years, it has grown from multibagger stock. 79.20 from each level (Closing price on 3rd Feb 2010 on NSE) 7148 levels registering an almost 90-fold increase over the past decade. However, over the past 12 years, the stock has risen closely. from 29 7148, increased by about 245 times in this period.
impact on investment
Taking cues from the share price history of Bajaj Finance, if an investor had invested 1 lakh in this share of Bajaj Group a year ago, its would have been 1 lakh 92 lakhs. If an investor had invested 1 lakh in this stock 6 months ago, its would have turned into 1 lakh 1.15 lakh today whereas in the last one year it would have turned into 1 lakh 1.30 lakhs. If an investor had invested 1 lakh in this multibagger stock 5 years ago, its would have been 1 lakh 6.75 lakhs today.
Similarly, if an investor had invested in this multibagger stock 10 years back and remained invested during this period, then its would have turned into 1 lakh 90 lakh today whereas in the last 12 years its would have turned into 1 lakh 2.45 crore today.
More about Bajaj Finance shares
Bajaj Finance share price nears its 52-week high 8050 which it built in October 2021 while its 52-week low 4362, which he made in the month of April 2021. market cap of bajaj finance is around today 4.32 lakh crore. Its current trading volume is 823,208 which is significantly lower than its 20 day average of 15,23,646. Bajaj Finance’s current P/E ratio is 72.669, which is slightly higher than the Sector P/E ratio of 53.
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