Multibagger Stock: Patience is one of the important qualities for stock market investors as the money is not in buying and selling but in holding a stock for as long as possible. According to a handful of investors, buying a stock means investing in a business and hence one should hold the stock as long as its profit potential remains. There is a long list of multibagger stocks that have turned lakhs into crores over a long period of time.
Here, we list down 5 multibagger stocks that turned more than 1 lakh 1 crore in 11 years:
1]Bajaj Finance: One of the multibagger stocks in 2021, the share price of Bajaj Finance was around 64 to 65 in November 2011 where it was around 40 per share in April 2010. Today’s share price on Bajaj Finance NSE is 6780. So, this multibagger stock has increased more than 100 times in this period of 10 to 11 years. If an investor had invested 1 lakh were buying a share in this counter 11 years ago 40 levels, its would have been around 1 lakh 1.69 crores.
2]Avanti Feeds: The stock remains a non-performer in 2021 as it has given only 4.20 per cent year-on-year return. However, over the long term, it has gone from being a penny stock to a quality stock. Over the past 11 years, it has grown from approx. 1.60 per share level in April 2010 to 542.15 per share on NSE, rising almost 338 times in this period. So, if an investor had invested 1 lakh 11 years ago were buying a share in this multibagger stock 1.60 level and till date was invested in this stock, its would have turned into 1 lakh 3.38 crores today.
3]Astral Limited: Among the multibagger stocks in 2021, it is giving great returns to its shareholders throughout the year. Year-on-year, this stock has given around 64 per cent return to its shareholders while in the last one year it has given almost 100 per cent return. it has grown around 12 per share level in April 2010 to 2148.45 on NSE today, a gain of about 179 times in this period. So, if an investor had invested 1 lakh in this multibagger stock 11 years ago, its would have turned into 1 lakh 1.79 crores today.
4]Lamp Nitrite: This chemical stock is one of the multibagger stocks in 2021. In 2021, Deepak Nitrite share price has increased from approx. From 988 to 2103 level, which is increasing year-on-year around 112 percent. Over the past 11 years, this chemical stock has grown from approx. since 18 October 2010 2103 per share level today, moving closer to 117 in the period. So, if an investor had invested 1 lakh in this counter and till date was invested in it, its would have turned into 1 lakh 1.17 crore today.
5]Vaibhav Global: The stock has been under selling pressure for the past six months. But, over the long term, it has a history of delivering great returns to its shareholders. Shares of Vaibhav Global was around in December 2010 4.50 level and today it is at 523.05 level, increased by almost 116 times during this period. So, if an investor had invested 1 lakh in this counter in December 2010 and investment was made in this counter, its would have turned into 1 lakh 1.16 crore in this period.
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