Multibagger Stock: Patience is one of the important qualities that a stock market investor needs as the money is not in buying and selling, but in waiting. Therefore, investors who are able to develop a ‘buy, hold and forget’ strategy have a better chance of making good money from the stock market. The shares of Atul Limited are a vivid example of this. Integrated Chemical Company’s share price rose by ₹11.30 each (NSE closing price on September 13, 2001) to ₹9,250 per equity share (NSE closing price on 9 September 2021) – growing nearly 818 times over a period of almost 20 years.
Atul Share Price History
Atul’s share price increased by ₹8864.05 per equity share level to ₹9250 – logging 4.35 percent growth in last one month. Over the past 6 months, the price of this chemical stock has risen by ₹6784.05 per stock level to ₹9250 – registering a growth of 36.35 percent in this period. Similarly, Atul’s shares have gained 47 per cent in the last one year, while Atul’s share price has reached close to 325 per cent in the last five years.
But, over the past twenty years, as mentioned above, the share price has grown 818 times ₹11.30 per share level to ₹9250 each.
impact on investors
Taking cues from Atul’s share price history, if an investor had invested ₹1 lakh in this chemical stock a month ago, its ₹would have turned into 1 lakh ₹1.04 lakh today. If the investor had invested ₹1 lakh was invested in this counter 6 months ago and till date, its ₹would have turned into 1 lakh ₹1.36 lakh today. Similarly, if an investor had invested ₹1 lakh in Atul’s shares a year ago, today its ₹would have been 1 lakh ₹1.47 lakhs.
However, if an investor had invested ₹1 lakh in Atul’s shares 20 years ago and had invested in this stock during this period, he would have been a millionaire today ₹would have turned into 1 lakh ₹8.18 crore ( ₹1 lakh x 818).
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