The stock market has gained momentum since COVID. Due to which many multibagger stocks have jumped sharply. There has been a rapid recovery in the stock market after the stock remained at its lowest level in the last two years. Stocks of many companies have jumped during this period. Along with this, investors have also made huge profits.
In FY 2022, the Indian secondary market has given more than 190 multibagger stocks while in its fourth quarter about 90 shares have given multibagger returns to their shareholders.
Borosil Renewables Ltd, a part of the Borosil Group that manufactures dinner sets, launch boxes, glassware and bottles, has delivered returns of over 18x its value in just two years. Its share price was once at Rs 36 per share during the COVID period. Which rose to the level of Rs 650 in two years.
How its shares climbed
It has given a return of 16.50% in the last one month. At the same time, in the last six months, it has found a level of 654.50 from the level of 330. While there has been a jump of 165 percent in the whole year. Similarly, it has given a return of 1725 percent to investors in two years.
50 thousand made more than 8 lakh amount
Shares of Borosil Group have given investors high returns during this period. If someone had invested 50 thousand rupees in it two years ago, then today he would have got an amount of 862500 rupees. On the other hand, if someone had invested a year ago, he would have got Rs 82,500. The current market cap of Borosil shares is close to Rs 8500 crore and its book value is slightly above Rs 47 per share.