stock market today Despite the weak biases in the Indian secondary market, some quality stocks with strong fundamentals have managed to deliver great returns to their shareholders. It also includes some penny stocks. Shares of AK Spintex are one of those penny stocks which have given multibagger returns to their shareholders in the last one month. In fact, over the past week, AK Spintex’s share price has risen from from 24.50 47.60, registering a growth of about 94 per cent in this period.
AK Spintex Share Price History
Cloth was closed on stock 24.50 per share level on BSE on 30 December 2021 and today it has reached the upper circuit of 5 per cent 47.60 level, provides about 94 per cent return to its shareholders in this one week’s time. This multibagger stock has jumped in the last one month 20.70 per level to 47.60 per share, registering a growth of about 130 percent over the period. The stock has jumped closely in the last 6 months 25 to 47.60, appreciating around 90 per cent in the period. Similarly, this multibagger stock has seen a jump in the last one year. from 22.50 47.60 level, rising by about 110 percent in this one year’s time.
impact on investors
Taking cues from AK Spintex’s share price history, if an investor had invested 1 lakh in this multibagger stock a week ago, its would have turned into 1 lakh 1.94 lakh today. If an investor had invested 1 lakh in this multibagger penny stock a month ago, its would have turned into 1 lakh 2.30 lakhs today while it will be 1.90 lakh in the last 6 months.
Similarly, this multibagger penny stock would have turned upside down in the past year. from 1 lakh 2.10 lakhs today, if an investor remained invested in this penny textile stock during this period.
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