It is very important for any person to have patience for investing in the stock market. It has been seen many times that by keeping a good stock for a long time with patience, it goes by giving huge profits to the investors. Today we are talking about one such multibagger stock, which has earned investors strong returns in the last few years. GRM Overseas is one such company whose share price has increased from Rs 3 to Rs 599 in the last 6 years.
Share Price History: The stock has disappointed investors in the last one month. This stock has also declined along with the market. A month ago, the share price on BSE was Rs 715 per share on 9 February 2022, which fell to Rs 599 on 8 March 2022. In this way, investors have lost 16 per cent during their last one month. Six months ago, on September 9, 2021, the share price was Rs 194, which increased to Rs 599 per share. During this, the stock gave a return of 200 percent to the investors.
Talking about one year, the share price was Rs 68 per share on March 9, 2021, which has increased to Rs 599 per share on March 8, 2022. In this way, the stock has given a return of Rs 779 per share to the investors. If we talk about the last 6 years, then the share price reached Rs 3 on March 11, 2016, which reached Rs 599 per share on March 9, 2022, during which the stock has given a return of 19,900 percent to the investors.
Calculations on Investments: If an investor had invested one lakh in this stock 6 years ago, his investment would have been Rs 1.99 crore. Thus, if an investor had invested 1 lakh in this stock a year ago, his investment would have been Rs 7.7 lakh. Apart from this, if an investor had invested 1 lakh in this city 6 months ago, his investment would have been 2 lakh rupees.
Company Profile: According to the company’s website, GRM is an overseas rice mill company. This company deals in branded and unbranded rice. The company had a profit of 49 crores in the financial year 2020-21.