Multibagger Stock: Geniuses don’t do anything differently but they do things differently. For example, let’s take investing in the stock market. It is no secret that marquee investors became the magnets of the market through their investments and those few investors have been saying time and again that they can accumulate wealth from the stock market through ‘buy, sell and hold’ strategy. Huh. That is, their money earning mantra is simple, keep the stock with you as much as possible. Market stalwart Rakesh Jhunjhunwala has been found asking investors to maintain exposure to stocks at higher PE levels. And to stay informed about the PE of the stock, one needs to keep an eye on the business model of the company.
If an investor follows these stock market investment rules, he can become a millionaire in the long term by investing in thousands. The latest example is Marico Shares. Marico share price was closing ₹2.66 per share as on 19 October 2001 on NSE while Marico share price today is ₹588 each level today (at 9:18 on NSE) – an appreciation of around 220 times in this span of 20 years.
Marico Share Price History
According to the share price history of this Multibagger stock, Marico’s stock has risen. ₹from 563.30 ₹588 in the last one week – a growth of about 4.50 per cent was registered in this period. Similarly, Multibagger stock has climbed 5.5 per cent in a month – rising from ₹from 558.30 ₹588 each level. Marico’s shares have risen over the past 6 months ₹from 423.30 ₹588 level – moving closer to 40 percent in this period. Similarly, in the last one year it has increased from the stock ₹from 361.60 ₹588 per share level – an increase of about 65 percent in one year. The stock has given a multibagger return of 115 per cent in the last 5 years after rising above ₹from 275.70 ₹588 levels.
Similarly, over the past 20 years, the stock has increased ₹2.66 per share level to ₹588 each – recorded a return of about 22,000 per cent in this period.
impact on investment
Taking cues from Marico’s stock price history if an investor had invested ₹1 lakh in this stock a week ago, its ₹would have turned into 1 lakh ₹1.045 lakh today. If the investor had invested ₹1 lakh in this multibagger stock 6 months ago, its ₹would have turned into 1 lakh ₹1.40 lakh today. Similarly, if the investor had invested ₹1 lakh in this consumer durable counter a year ago, its ₹would have been 1 lakh ₹1.65 lakh today. If an investor had invested ₹1 lakh in this counter 5 years ago and during this period was invested in this scrip, its ₹would have turned into 1 lakh ₹2.15 lakh today.
Similarly, if an investor had invested ₹1 lakh 20 years ago buy in this multibagger stock ₹2.66 per share level, and the investor remained invested in this scrip till date without any interruption, its ₹would have been 1 lakh ₹2.20 crore today.
However, stock market experts still see more gains in this multibagger stock. they believe it can go up ₹602 per share level in the immediate short term.
Marico Share Price Outlook
Speaking on Marico Share Price Outlook; Mudit Goel, Senior Research Analyst, SMC Global Securities said, “Marico share price is likely to move northwards. ₹602 in the immediate short term. One can buy this counter for this immediate short term target by initiating the move at the current market price while maintaining the stop loss ₹575 per share level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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