Multibagger Stock: Investing in low float penny stocks is risky because they tend to be highly volatile on a trigger. But, high risk investors invest in penny stocks as they generate tremendous returns over short periods of time and generate alpha growth by a wide margin. Legendary investor Warren Buffett once said that ‘price is what you pay, value is what you get.’ Therefore, a stock market investor must remember that his business and the stability of the business does not matter with the size of the business.
To understand how investing in quality penny stocks can be profitable, one needs to look at Caesars Corporation’s share price. It is one of the multibagger stocks indian stock market produced in recent years. BSE-Listed Small-Cap Stock with A market cap close to 275 crore was available at the end of November 2021 at Rs. Kaiser Corporation’s share price ended at 52.25 each level, an increase of 5100 percent in about a year’s time.
Caesars Corporation share price history
This multibagger penny stock has been in the sell zone for the past six months. It has declined by around 3.50 per cent in the last one week while this small cap stock has fallen by around 9 per cent in the last one month. This multibagger stock has rolled around in the last six months since 98 52.25 each level, down about 45 percent in this time. However, In 2022, This Penny Stock Shot Around from 3.50 55 each level, an increase of nearly 2,100 percent over the past year. However, the penny stock was bidding at around Rs 1 at the end of November 2021 and it got liquidated approx. 52 level on 6th January 2023. So, in this roughly one year, this penny stock has turned into a multibagger, delivering over 5,100 percent during this time.
Share price history from Caesars Corporation if an investor had invested 1 lakh in this small-cap stock a month back, its would have been close to 1 lakh 91,000 while in the last six months, its becomes 1 lakh 55,000 today. If the investor had invested 1 lakh at the end of 2021, its becomes 1 lakh 22 lakhs in the last year. However, if an investor had invested 1 lakh in this multibagger penny stock at the end of Nov 2021, its would have been 1 lakh 52 lakhs today, provided the investor has remained invested in the scrip during this period.
This multibagger penny stock is available for trading only on BSE and it expires on June 6, 2023 with a market capitalization of approx. 275 crores. Its trading volume on Friday last week was 7,406, which is lower than its 20-day average trading volume of 11,055. It has a 52-week low 3.21 while it has a 52 week high 130.55 each.
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