Multibagger Penny Stock: Are you planning to invest in penny stock? If yes! So you can keep an eye on the shares of Kaiser Corporation Limited. This is one of the potential multibagger stocks of this year. Kaiser Corporation share price has given returns of more than 7,925% in the last one year. At the same time, so far in 2022 this year, this stock has given a strong return of 999 percent. For the past several sessions, this stock has been hitting the upper circuit continuously and so far this year, the stock has increased from Rs 2 to Rs 31. Let’s know in detail…
Stock crossed Rs 32
In a year, this stock has increased from 40 paise (close price on 18 March 2021 NSE) to Rs 32.10 per share today. The company’s stock has given a return of 7,925% in a year. At the same time, this packaging multibagger stock has given a tremendous return of 999.32% in the year 2022 so far. Shares of Kaiser Corporation Ltd. (Kaiser Corporation Ltd.) have increased from Rs 2.92 (3 January 2022 on NSE) to Rs 32.10 now.
Also read- Why America is threatening India with history amid reports of buying oil from Russia? Said when history will be written then…
The company’s shares were at a level of Rs 13.53 a month ago (13 February 2022), during which the stock has registered an increase of 137.25 percent. The stock has gained 21.13% in the last five trading sessions.
Up to 10 times profit for investors
If an investor had invested Rs 1 lakh at the rate of 40 paise a year ago in the share of Kaiser Corporation Limited, then today this amount would have been Rs 80.25 lakh. If an investor had invested Rs 1 lakh in this stock in the first trading day of this year (3 January 2022), then today this amount would have increased to Rs 10.99 lakh. At the same time, a month ago, if an investor had invested Rs 1 lakh in this stock at the rate of Rs 13.53, then today this amount would have become Rs 2.38 lakh. That is, in a month itself, investors would have gained more than double.
Also read- Investors broke down to buy 15 rupees share of this bankrupt company, knowing the reason everyone is betting
Business of Kaiser Corporation
The company was incorporated in September, 1993 in Mumbai as a Private Limited Company under the Companies Act, 1956. On March 15, 1995, the company was converted into a public limited company under the name Kaiser Press Limited. The name of the company was changed to “Kaiser Corporation Limited” on 5 November 2013. Kaiser Corporation Limited (KCL) is engaged in the business of Labels, Stationery Articles, Magazines and Cartons. KCL through its subsidiaries also deals in engineering goods, electric and mechanical heat tracing and turnkey projects.