Multibagger Stock: The American billionaire investor once said that the money lies not in buying and selling stocks, but in waiting. Therefore, a stock market investor should try to hold a stock for as long as possible. One needs to look at the shares of HLE Glasscoat to know how this stock market investment strategy works. This mid-cap stock has risen from around 33 to The level of 3107, over the past 15 years, is the positional shareholders, giving a return of approximately 9,300 percent.
HLE Glasscoat Share Price History
After Climbing Life Time High Off 7,549 each share on BSE, HLE Glascoat stock is in sell-off mode. The stock recently made a 52-week low 2,951.30. This mid-cap stock has given zero returns in the last one year. But, the stock has a history of delivering great returns to its positional shareholders. It is one of the multibagger stocks that the Indian stock market has produced in recent years.
In the last 5 years, it multibagger stock has grown from from 160 3107 level, registering an increase of about 1850 percent in this period. Similarly, over the past 10 years, this stock has grown from approx. 36 each level to 3107 per share level, climbed nearly 8530 percent in the period. Similarly, in the last 15 years, this stock listed on BSE has grown from approx. 33 to 3107 per share level, a 94-fold increase over the period.
impact on investment
Taking cues from HLE Glasscoat’s share price history, if an investor had invested 1 lakh in this BSE listed stock a year ago, its would have turned into 1 lakh 90,000 today. However, if an investor had invested 1 lakh in this multibagger stock 5 years ago, its would have turned into 1 lakh 19.50 lakh today, while this would have turned into 1 lakh 86.30 lakh in the last 10 years.
Similarly, if an investor had invested 1 lakh in this multibagger BSE stock 15 years ago, its would have turned into 1 lakh 94 lakhs today provided the investor has remained invested in the stock during this period.
This multibagger stock was initially available only on BSE but from February 2021 it is also available on NSE. The stock ended on Friday with a market cap of Rs. 4,230 crores. On NSE, it ended Friday’s session with a trade volume of 23,948, which is much higher than its average trade volume of 7,513 in the last 20 days. Hence, the stock is short-volume in nature and can move either way on a single trigger. Hence traders with low risk profile should avoid investing in this stock. Its 52 week high on NSE 7,555 each, while its 52-week low of . Is 2,664.45 per share on NSE.
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