Multibagger Stock: Investing in a stock is like investing in a business. According to American billionaire Charlie Munger, the money is not in buying or selling stocks, but in waiting. That is, after investing, the stock should be kept with you for as long as possible. Brewery stock Radico Khaitan is a great example of how a ‘buy, hold and forget’ strategy pays off to its shareholders. Radico Khaitan’s share price has risen by 7.60 each level to 826 per share level over the past 19 years, is giving returns of around 10,700 percent to its shareholders.
Radico Khaitan Share Price History
Radico Khaitan shares are in retracement since the beginning of the new year 2022. In YTD time, this brewery’s stock has dropped about 35 percent, while in the past 6 months, it’s corrected about 27 percent. However, in the last one year, the stock has bounced back. from 610 826 points, logging close to 35 percent in this period. Over the past 5 years, this Multibagger stock has grown by approx. from 123 826 levels, appreciating 560 percent over the period.
Similarly, it multibagger stock on off 7.62 per share level on NSE on 20 June 2003 while it closed at 826 on NSE as on 27 May 2022, an increase of nearly 1.08 times in the last 19 years.
impact on investment
Taking cues from Radico Khaitan’s share price history, if an investor had invested 1 lakh in this multibagger brewery stock at the beginning of the new year 2022, it becomes 65,000 in the YTD time whereas in the past year, this would have changed 1.35 lakh today. Similarly, if an investor had invested 5 years ago at this brewery 1 million, it would have been 6.60 lakhs today.
Similarly, if an investor had invested In this multibagger stock 1 lakh were buying a stock 19 years ago 7.62 each, its would have turned into 1 lakh 1.08 lakh in this period.
The current market capitalization of the stock is 10,949 crores and its last 20 days average trade volume is 2.22 lakhs. The book value of Radico Khaitan is around ₹134 per share. Radico Khaitan stands at an average multiple of PE of 38, which is much lower than the sector PE of 62.
Radico Khaitan shares are one of the dividend paying stocks in 2022 as the company’s board of directors will consider dividend for FY22 in its meeting to be held today. The brewery company is formed about