Multibagger Stock: Patience is one of the most important qualities for stock market investors as money is not in buying and selling but in waiting. Market earners are also of the opinion that if you cannot hold a stock for 10 years, then you do not have the right to hold it for even 10 minutes. A great example of how patience pays off in the stock market is Vaibhav Global Shares. Over the past 10 years, this multibagger stock . increased from ₹7.13 per equity share level (from 16 September 2011 closing price on NSE) ₹718 each (NSE closing price on 17 September 2021) – growing almost 100 times in this period.
Vaibhav Global Share Price History
This multibagger stock is under selling pressure since last 6 months. From the first week of March to May 2021, the shares of Vaibhav Global remained bullish. In this period, it made the closing high of ₹996.70 each but after that profit-booking started and the stock started falling later. In year-on-year (YTD) terms, the stock has rallied ₹510.42 per share ₹718 level – gave 40 per cent return to its investors. Over the past year’s perspective, Vaibhav Global grew by share price ₹375.77 to ₹718 per stock level – a growth of 91 percent in this period. Similarly, in the last 5 years, the Vaibhav Global share price has risen ₹62.29 to ₹718 per equity share – registering a growth of around 1050 per cent over this time horizon.
If we look at the performance of this Multibagger stock for the last 10 years, then as on 16 Sep 2011 this stock is . closed on ₹7.13 each on NSE while its close price on NSE as on 17 September 2021 is ₹718, which means that the Vaibhav Global share price rose almost 100.7 times in this time-frame.
effect on investors’ money
Taking cues from Vaibhav Global share price history, if an investor had invested ₹Buying 1 lakh Vaibhav Global shares at their close price on NSE as on 31st December 2020 ₹would have been 1 lakh ₹1.40 lakh today. Similarly, if an investor had invested ₹1 lakh in this stock a year ago, today its ₹would have turned into 1 lakh ₹1.91 lakhs. However, if an investor had invested ₹1 lakh in this stock 5 years ago, today its ₹would have been 1 lakh ₹11.50 lakhs.
Similarly, if an investor had invested ₹1 lakh in Vaibhav Global shares 10 years ago, its ₹would have been 1 lakh ₹1 crore as the stock rose more than 100 times in this period.
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