Multibagger Stock: According to market magnates who have made a lot of money from stock market investments, the money is not in buying or selling, but in waiting because patience is one of the most important qualities for a stock market investor. A vivid example of this is the shares of Axis Bank. This private lender grew out of stock ₹from 4.81 ₹787.40 each in the last 20 years – an increase of 163 times during this period.
Axis Bank Share Price History
This multibagger stock has remained on the edge since last one month to give zero returns to its investors in this period. However, in the last 6 months, the share price of Axis Bank on NSE has risen by ₹from 635 ₹787 (close price on NSE as on 11 October 2021) per share level – around 25 per cent returns in this period.
Over a period of one year, banking stocks have gone above ₹468 to ₹787.4 levels – registering a jump of nearly 70 percent over the period. However, after the outbreak of the first wave of Covid-19 in 2020, Axis Bank stock lowered its closing levels ₹325 in April 2020 and then it regained its lost ground and gave around 140 per cent returns in this one and a half year period.
Meanwhile, the shares of Axis Bank have increased from 520.65. ₹787.40 each – an increase of about 51 percent in the last 5 years. Similarly, in the last 10 years, this stock has registered a return of 250 percent.
Similarly, in the last 20 years, this 2021 multibagger stock has bounced ₹4.81 (close price on 12 October 2001 on NSE) to ₹787.40 each (Closing Price on NSE as on 11 October 2021) – growing almost 163 times in this period of two decades.
impact on investment
Taking cues from this multibagger stock price history, if an investor had invested ₹1 lakh in this counter 6 months ago, its ₹would have turned into 1 lakh ₹1.25 lakh today. If the investor had invested ₹1 lakh in the shares of Axis Bank a year ago, its ₹would have turned into 1 lakh ₹1.70 lakh today.
But, the investor had invested ₹1 lakh in Axis Bank 5 years ago, its ₹would have turned into 1 lakh ₹1.51 lakh as the stock was badly hit in 2020 after the outbreak of covid-19 pandemic. Similarly, if the investor had invested ₹1 lakh in this multibagger stock 10 years ago and was invested in this stock during this period, then its ₹would have turned into 1 lakh ₹3.50 lakhs today.
Similarly, if the investor had invested ₹1 lakh in the shares of Axis Bank 20 years ago and till date was invested in this banking stock, then its ₹would have turned into 1 lakh ₹1.63 crores today.
Axis Bank share price forecast
Speaking on the share price outlook of Axis Bank; Sumeet Bagdia, Executive Director, Choice Broking said, “Axis Bank shares are trading sideways these days, but will turn extremely bullish after giving a breakout. ₹Can buy counter at CMP for an immediate target of 800. ₹maintain stop loss at 825 ₹770.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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