Multibagger Stock: Market magnate Warren Buffett once said that the best time to invest is to choose good stocks and stick with them as long as they are good companies. The chairman and CEO of Berkshire Hathaway advised stock market investors to hold shares until then, saying that the money is not in buying or selling stocks, but in waiting. Those who believe in the strategy of ‘Buy, Hold and Forget’, they end up earning handsomely over time. HDFC Bank stock is a perfect example of this. The price of this banking stock has risen by 5.52 (Close Price on NSE as on Jan 1, 1999) to 1481 (close price on NSE as on 31st December 2021), has grown almost 268 times in these 23 years.
hdfc bank share price history
The banking major has been under selling pressure for the past six months. In the past one month, HDFC Bank’s share price has fallen by around 1.50 per cent, while in the past one year, it could only register a gain of 4 per cent. But, it does not mean that HDFC Bank is a bad company and one should avoid investing in this business. Like any other banking stock, HDFC Bank has been hit by the pandemic for the past one year.
HDFC Bank shares are one of the multibagger stocks in India. In the last 5 years, the share price of HDFC Bank has risen by approx. from 596 1481 level, registering an increase of about 150 per cent during this period. Similarly, in the last 10 years, the share price of HDFC Bank has risen by approx. from 215 1481, registration 7 times in this period. Similarly, in the last 20 years, the share price of HDFC Bank has risen by approx. 22 each level to 1481, increased by about 67 times in the last two decades.
However, in the last 23 years, HDFC Bank’s share has grown from 5.52 to 1481, gave about 26,725 per cent return to its shareholders during this period.
impact on investment
Taking cues from HDFC Bank share price history, if an investor had invested in HDFC Bank shares 5 years back, then its would have turned into 1 lakh 2.5 lakhs today if an investor had invested 1 lakh in this multibagger counter 10 years ago, its would have been 1 lakh 7 lakh today while the same would have turned into 1 lakh 67 lakh in 20 years.
Similarly, if an investor had invested 1 lakh in HDFC Bank shares 23 years ago, but bought one stock The level of 5.52 and the investor was invested in this banking stock till date, its would have turned into 1 lakh 2.68 crores today.
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