Multibagger Stock: Investing money is considered highly risky as they become highly volatile on short triggers. But, for stock market investors who believe in the ‘buy, sell and forget’ practice, the high volatility in such less liquid stocks can be a huge advantage, provided they have learned about the company’s business model and the stability of its profitability. I have checked. The biggest example of this is the shares of SEL Manufacturing Company. Over the past 3 months, it has risen from the Multibagger Penny Stock. 0.35 (Closing on NSE 27 October 2021) to 87.45 (Closing Price on NSE as on 21st January 2022), registering an increase of about 24,900 per cent in this short time.
SEL Manufacturing Company Share Price History
Over the past week, this multibagger penny stock has hit the 5 per cent upper circuit in all 5 sessions, yielding around 21.50 per cent to its shareholders in this period. In last year-to-date (YTD) timing, it is one of the potential multibagger stocks for 2022 as it grew from from 44.40 87.45, returns about 97 percent to its shareholders this year. Therefore, penny stock can be considered as one of the potential multibagger penny stocks for 2022 as well. It’s already one of the multibagger stocks in 2021 as it bounced off from 30.20 87.45 each level, appreciating about 190 percent in this time frame.
In the past two months, the multibagger share price has risen 27.45 to 87.45 per share level, registering a growth of around 220 per cent in the period. However, in the last 3 months, as mentioned above, this penny stock has moved up. from 0.35 87.45, increased by 250 times in this period.
impact on investment
Taking cues from SEL Manufacturing Company share price history, if an investor had invested 1 lakh in this penny stock a week ago its would have turned into 1 lakh 1.21 lakh today when it would have been 1.97 lakh in YTD time. If an investor had invested 1 lakh in this multibagger penny stock a month ago, its would have been 1 lakh 3.20 lakhs.
Similarly, if an investor had invested 3 months before buying 1 share in this multibagger penny stock for 1 lakh 0.35, its would have turned into 1 lakh 2.50 crores today, provided the investor remains invested in the stock during this period.
About SEL Manufacturing Company
Arr Ess Leading Edge Pvt Ltd, the promoter of the textile group, which holds about 75 per cent of the shares of SEL Manufacturing Company, has recently informed the Indian exchanges that it has pledged the shares of SEL Manufacturing Company in favor of SBICAP Trustee Company Ltd. are kept.
In their communication with the Exchange, the promoters of the company informed, “We would like to inform you that we, AR AS Leading Edge Pvt Ltd, the promoters of SEL Manufacturing Company Limited (“Target Company”) have pledged 89,46,369 equity shares (27% of the target company) in favor of SBICAP Trustee Company Limited.
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