Multibagger Stock: Investing in stocks is like investing in business. Therefore, it is advisable to stay invested in a stock for as long as possible as the real money is not in buying and selling the stock but in waiting. Sometimes, it is better to prioritize a business before the market moves. If we are confident about a stock and have a firm belief about its business model, it would be very foolish for us not to act on it. This rule works for all stocks, including penny stocks.
To know whether to invest long term a . pays how much Share Market Investors need to look at the history of the shares of Radico Khaitan. Despite being in the heat of sell-off over the past year, this brewery stock is one of the multibagger stocks that the Indian stock market has produced in recent years. However, about 19 years ago, it was one of the penny stocks available at approx. 7.60 each level. Radico Khaitan share price is around today 919. That means, over the past 19 years, this multibagger brewery’s stock has grown from approx. from 7.6 919, provides 120 times growth in investors’ money over this period.
Radico Khaitan Share Price History
As mentioned above, this brewery’s stock has been in the heat of a sell-off for the past year. In the past year, it has increased from 855 to 919, registering a growth of about 8 per cent in this period. Over the past 5 years, it has grown from close to from 140 At 919 levels, there was an increase of 560 percent over the period. Similarly, in the last 19 years, this share has increased from approx. from 7.60 919 provides around 11,990 per cent return to its investors.
impact on investment
If an investor had invested 1 lakh in this multibagger stock a year ago, its would have turned into 1 lakh 1.08 lakh today when it would have been 6.60 lakhs in the last 5 years. Similarly, if an investor had invested Bought a stock in this stock about 19 years ago for Rs 1 lakh 7.60 per share, its would have turned into 1 lakh 1.20 crore today. Provided that the investment in the scrip was made during the time period mentioned above.
The current market capitalization of Radico Khaitan shares is 12,280 crores and its PE is 46.64. It has a 52 week high 1,294 on NSE while its 52-week low on NSE 723.20 each level. It ended Monday’s session with a market price of 1,36,790.
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