Multibagger Stock: Deepak Nitrite is one of the multibagger chemical stocks in 2021. But, for long-term investors, this chemical stock is a great example of how the stock market gives the investor patience as the stock has been delivering great returns to its shareholders over the years. If we look at the share price history of Deepak Nitrite, it has grown by around 14,750 percent in the last 10 years.
Deepak Nitrite Share Price History
As per the share price history of this Multibagger stock, it has risen by ₹from 2434 ₹The level of 2583 per share in the last one month, rose by almost 6 per cent in this period. Over the past 6 months, the price of this chemical stock has risen from approx. ₹from 1600 ₹2583 level, gives a return of about 60 percent to its shareholders. Similarly, year-on-year, the share price of Deepak Nitrite has increased ₹from 987 ₹2583 per share level, registering a growth of about 160 percent in 2021.
This multibagger stock has bounced around in the last one year ₹720 to ₹The level of 2583 – rising by about 260 percent in this period. Over the past 5 years, the share price of Deepak Nitrite has risen from ₹from 123 ₹2583 – Recording approximately 2000 percent return for its shareholders. However, over the past 10 years, the chemical stock price has risen. ₹17.40 (Closing Price on 21st October 2011 on NSE) to ₹2583 (Closing Price on 20 October 2021 on NSE) – Registered an increase of around 14,750 per cent in this period. In fact, shares of Deepak Nitrite have jumped almost 148 times its value in the last 10 years, which shows how important patience is for stock market investors.
impact on investment
Taking cues from Deepak Nitrite share price history, if an investor had invested ₹1 lakh in this multibagger stock a month ago, its ₹would have turned into 1 lakh ₹1.06 lakh today. If the investor had invested ₹1 lakh in this chemical stock 6 months ago, its ₹would have been 1 lakh ₹1.60 lakh today if the investor had invested ₹1 lakh in Deepak Nitrite shares a year ago, its ₹would have turned into 1 lakh ₹Today 3.60 lakhs. Similarly, if an investor had invested ₹1 lakh in this chemical stock 5 years ago and was invested in this counter during this period, its ₹would have turned into 1 lakh ₹21 lakh today
Similarly, if an investor had invested ₹In this multibagger stock, 1 lakh 10 years ago bought shares of Deepak Nitrite ₹17.40 level, and the investor was invested in this stock till date, its ₹would have turned into 1 lakh ₹1.48 crores today.
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