multibagger stock
Multibagger stock: There is a very popular saying that Rome was not built in a day. In the same way, you cannot become rich overnight in the stock market. If you want to become rich from the stock market then you must know the art of waiting. It is often said that money is not made by buying and selling stocks but by waiting. Transformers and Rectifiers (India) is a great example to understand how a long-term investor can become a millionaire. The stock of this company was ₹ 6.50 per share from April 9, 2020, which has now increased to ₹ 670 per share. This means that small-cap penny stocks have become one of the multibagger stocks of the Indian stock market in the last four years. You can guess for yourself that if you remain engaged in the market, you will make money. Yes, selecting the right stock is very important.
Transformers and Rectifiers India Share History
This small-cap multibagger penny stock has risen from around ₹238.70 to ₹680 per share, in YTD time. A growth of 185% has been registered in this period. Similarly, this multibagger stock has risen from ₹172 to ₹670 per share in a year, registering a rally of almost 300%. On April 9, 2020, this small-cap multibagger penny stock was trading at around ₹6.50 per share on the BSE. This means that this penny stock has grown from ₹6.50 per share to ₹670 per share in almost four years, giving its shareholders approximately 10,350% returns.
Investment of Rs 1 lakh becomes Rs 1 crore
If the investor had invested ₹1 lakh in this small-cap multibagger stock six months ago, his ₹1 lakh would have been ₹1.45 lakh today. Similarly, if an investor had invested ₹1 lakh in this multibagger penny stock a year ago, his ₹1 lakh would have been ₹4 lakh today. However, if an investor had bottom fished in this multibagger penny stock during the Covid-19 induced selloff in April 2020, an investment of ₹1 lakh in this small-cap stock would have been worth ₹1.04 crore.
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