Multibagger Stock: If you are looking for opportunities to earn from the stock market, then you have to be patient. According to the veterans of the stock market, money is not made just by buying and selling shares, but by being patient, money is made. There is a saying for stock market investors that buy, hold and forget… Jyoti Resins and Adhesives Limited Company of Gujarat is a living example of this. Actually, the shares of this company have surprised their investors by giving sloppy returns. The company’s stock has given a return of more than 4,54,900 percent in almost 18 years.
once the price was 36 paise
Shares of Jyoti Resins & Adhesives Ltd (Jyoti Resins & Adhesives Ltd share price) were at the level of 36 paise per share on the Mumbai Stock Exchange (BSE) on 30 April 2004. Now the shares of the company have reached Rs 1,638.55 (the closing price of BSE on March 11, 2022). The stock has given returns of over 4,54,900 per cent to its shareholders over this long period. At the same time, in the last 10 years, the company’s shares increased from Rs 9.32 (March 16, 2012, closing price on BSE) to Rs 1,638.55. That is, in ten years, this stock has given a strong return of about 1,7475.11 percent.
Also read- These shares increased from Rs 49 to ₹ 3,010, 1 lakh of investors became Rs 61 lakh
2,273% return in five years
The stock has grown from Rs 69 (as on December 18, 2017) to Rs 1,638.55 in the last five years. It has given a return of 2273.91 per cent to its shareholders during this period. A year ago on March 15, 2021, the price of this share was Rs 480.10 on BSE. That is, the company’s shares have grown by 241.29% in one year. The stock has gained 46.38% this year in 2022. At the same time, there was a growth of 20.12 percent in the company’s shares during the month. However, it has been under selling pressure in the last five trading sessions and has suffered a loss of 1.23 per cent.
Investors benefited from crores of rupees
According to the share price history of Jyoti Resins & Adhesives Ltd, if an investor had invested Rs 10,000 at 36 paise per share 18 years ago and maintained his investment till now, the amount would have been Rs 4.55 crore today. At the same time, ten years ago, if an investor had invested Rs 10,000 at the rate of Rs 9.32, then today this amount would have been Rs 17.58 lakh. An investment of 10 thousand in five years would have been Rs 2.37 lakh. Investment of 10 thousand in a year would have been Rs 34.12 thousand.
Also read- After giving 175% return in a year, now this multibagger stock will become a rocket, the share will go to ₹ 460, Expert Bullish
Know about the company?
Jyothi Resins & Adhesives Limited was established on 17th December, 1993. The company commenced business on February 22, 94. It is classified as a Public Limited Company and is located in Gandhinagar, Gujarat. Jagdish Patel is the Chairman and Managing Director of the company. JRAL manufactures resins and adhesives. The market cap of the company is Rs 655.42 crore. The company’s shares had reached its 52-week all-time high of Rs 1,889.00 on February 28, 2022.