Multibagger Stock: Investing in stocks is like investing in business. According to a handful of investors, while venture capitalists and various other investors invest in small and medium-sized companies, once they are convinced about the business model and its continued business potential, it is time to invest in stocks. The same should be done. Once you invest in a stock, you should try to hold the counter for as long as possible. It helps an investor to get compound profits and accumulate a large amount in a short period. GRM Overseas Shares is a prime example of this. The stock of this rice milling company has jumped up to 3 each level The level of 591.90 in the last 5 years, an appreciation of almost 200 times in this period.
GRM Overseas Share Price History
Over the past one month, this multibagger stock has been in the heat of sell-off, which clearly shows that the entire secondary sell-off has been in the heat due to negative sentiments due to geopolitical tensions. The multibagger stock has lost 17 per cent in the past one month due to weakness in global equity markets due to geopolitical tensions. But, in the last 6 months, the price of this multibagger stock has risen from close to since 196 191.90 levels, registering an increase of nearly 200 per cent over the period. Over the past year, penny stocks have risen by nearly 68 to 591.90 each level, appreciating around 770 percent at the moment. Similarly, over the past 6 years, this multibagger has moved above the penny stock. From 3 (Closing Price on BSE as on 11th March 2016) 591.90 (closing price on BSE on 4 March 2022), climbed nearly 19,900 per cent in the period.
1 lakh turns into 1 crore
Taking cues from GRM Overseas share price history, if an investor had invested 1 lakh in this multibagger stock a month ago, its would have turned into 1 lakh 83,000 today while this will change 3 lakh in 6 months. If an investor had invested 1 lakh in this multibagger stock a year ago, it would have been 8.70 lakhs today. Similarly, if an investor had invested 1 lakh was invested in this penny stock 6 years ago and in scrip during this period, it would have changed 2 crore today.
GRM Overseas Share Price Outlook
Speaking on GRM Overseas Share Price Chart Pattern; Anuj Gupta, Vice President, IIFL Securities said, “GRM Overseas shares are currently trading below the 200 day EMA. It is trading in a negative to sideways trend after climbing to its life highs. In January 2022 at the level of 935.40. Those who have this stock in their portfolio are advised to hold the stock, while those who want to take fresh positions are advised to wait for some time. should buy this stock from 500 Maintaining a stop loss in the 510 range 454 each level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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