A cement stock has given tremendous returns to the investors. This share belongs to Shree Cement. The shares of the company have given returns of more than 81,000 per cent to investors in the last few years. At one time the company’s shares were at a level of Rs 30.30, which has now crossed Rs 24,000. The 52-week high of the company’s shares is Rs 32,048. At the same time, the 52-week low-level is Rs 21,650.
Rs 1 lakh became more than Rs 8 crore
The shares of Shree Cement stood at Rs 30.30 on the National Stock Exchange (NSE) on 6 July 2001. The company’s shares have reached the level of Rs 24,650 on NSE on 4 April 2022. The company’s shares have given returns of 81,209 per cent to investors during this period. If an investor had invested Rs 1 lakh in the shares of the company on July 6, 2001, then at present this money would have been much more than Rs 8.1 crore.
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1 lakh became more than 70 lakh in less than 14 years
Shares of Shree Cement stood at Rs 349.20 on the National Stock Exchange on 5 December 2008. The company’s shares have reached the level of Rs 24,650 on NSE on 4 April 2022. If a person had invested Rs 1 lakh in the shares of the company on December 5, 2008 and had allowed his investment to continue, then at present this money would have been close to Rs 70.58 lakh. That is, on an investment of Rs 1 lakh, there would have been a direct profit of more than Rs 69 lakh. The market cap of Shree Cement is close to Rs 88,70 crore.
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