Rs 3.7 share became Rs 2424, Rs 1 lakh became Rs 6.5 crore in 20 years

Multibagger Stocks: Investing in a penny stock is considered to be highly risky but high risk investors prefer to invest in such stocks as it gives huge returns to its shareholders in the long run. According to stock market experts, investing in shares is like investing in a business. These days, a large number of investors are investing in startups if they are confident about the success of the small company’s business model. Similarly, when a high-risk investor becomes confident about the stability and profitability of a short-listed company’s business model, he/she adds such stocks to his/her portfolio. Keeps it as long as possible. Such a strategy, at times, gives extraordinary returns to its shareholders.

SRF shares are a living example of this. It is one of the multibagger stocks of 2021. This chemical stock has a history of delivering great returns to its shareholders. In the last 20 years, the share price of SRF has increased from Rs 3.71 (closing price on NSE on 22 February 2002) to the level of Rs 2424.50 today. It has registered an increase of about 65,250 percent in this period.

In the last one month, the share price of SRF has increased from about Rs 2349 to Rs 2424 level. It has gained about 3.5 percent in this period. In the last 6 months, the share price of SRF has increased by 35 percent from Rs 1812 to Rs 2424. In the last one year, this multibagger stock has increased by 125 percent from Rs 1090 to Rs 2424. In last 5 years, this Multibagger Chemicals stock price has increased by 675 percent from Rs.315 to Rs.2424 level.

FIIs sold shares worth over $29 billion in FY22 amid high valuations, fears of US Fed rate hike, geopolitical tensions

1 lakh in 20 years 6.5 crores

If an investor had invested Rs 1 lakh in this multibagger stock 10 years ago, then by buying one share at Rs 54.54, his Rs 1 lakh would have become Rs 44.50 lakh today. However, if an investor had invested Rs 1 lakh in penny stock 20 years ago and remained invested in this chemical stock for the entire period, then his Rs 1 lakh would have become Rs 6.53 crore today.

However, stock market experts are still bullish on this stock. He believes that Multibagger Chemicals stock could give a sharp jump after retracement in the recent sessions. They are expecting this stock to go up to Rs 2600 level in the next one month.

Sumeet Bagdia of Choice Broking says positional investors should buy with a stop loss of ₹ 2250. Apart from this, add on every fall. It is set to enter Nifty Next 50 and Nifty 100 index from 31st March 2022.

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)



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