Multibagger stock: Penny stock turns ₹1 lakh to ₹78 lakh in 5 years
Premium- Multibagger stock: If an investor had invested ₹1 lakh in this multibagger stock one month ago, its ₹1 lakh would have turned to ₹1.10 lakh today
Multibagger stock: Despite reeling under the heat of Covid-19 pandemic, Indian stock market delivered stellar return to its shareholders in 2020 and 2021. This could become possible because the secondary market witnessed participatory rally while rebounding from its lows. As a result, a good number of stocks entered the list of multibagger stocks in India that included small-cap, mid-cap, large-cap as well as penny stocks.
Sindhu Trade Links shares are one of them. In last one year, this BSE-listed stock has surged more than 1750 per cent. But, this is not a single year when this multibagger penny stock has delivered stellar return. It has a history of generating alpha return. In last 5 years, Sindhu Trade Links share price has risen from ₹1.69 to ₹132.10 levels, appreciating to the tune of near 7700 per cent.
Sindhu Trade Links share price history
In last one month, Sindhu Trade Links share price has surged from ₹121.50 to ₹132.10 apiece levels, logging near 10 per cent rise in this period. In last 6 months, it has shot up from 14.87 to ₹132.10 levels, clocking around 800 per cent rise in this time. In last one year, this multibagger penny stock has ascended from ₹7.11 to ₹132.10 levels, logging around 1750 per cent appreciation in this period.
Likewise, this multibagger stock has surged from ₹1.69 (close price on BSE on 17th February 2017) to ₹132.10 (close price on BSE on 4th March 2022), surging around 78 times in these 5 years.
Impact on investment
Taking cue from Sindhu Trade Links share price history, if an investor had invested ₹1 lakh in this multibagger stock one month ago, its ₹1 lakh would have turned to ₹1.10 lakh today whereas it would have turned to ₹9 lakh in 6 months. If an investor had invested ₹1 lakh in this multibagger penny stock one year ago, its ₹1 lakh would have turned to ₹18.50 lakh today.
Similarly, if an investor had invested ₹1 lakh in this stock around 5 years ago buying one share at ₹1.69 apiece, then its ₹1 lakh would have turned to ₹78 lakh today provided the investor had remained invested in the multibagger stock throughout this period.
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Current market capital of Sindhu Trade Links shares is ₹6,789 crore and its book value per share is 13.23. Current volume of the multibagger stock is 4,04,464, which is much higher from its 20 days trade volume of 1,85,007.
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