Multibagger stock: Everyone wants to bet on the Tata group listed stock. There is no answer to the shares of Tata companies in terms of giving excellent returns. Today we are telling you about the stock of a Tata company which has made its investors millionaires. We are talking about the share of Tata Elxsi. Shares of Tata Alexi have stunned its investors by giving shoddy returns in 21 years.
Once the price was Rs 19.65 per share
As per the Tata Elxsi Share Price Chart Pattern, the price of this Tata share was Rs 19.65 on NSE on 28 September 2001 which has now increased to Rs 8,660. That is, in the last 21 years, this stock has given a strong return of about 43,971.25 percent to its shareholders. At the same time, on March 28, 2013, the price of this share was Rs 95.50 on NSE, which has now become Rs 8,660. The stock has given a return of 8968.06 per cent during this period. In the last five years, the stock has risen from Rs 772.78 to Rs 8,660 per share. During this period it has given a return of 1,020.63%. A year ago, on 12 April 2021, this stock was at Rs 2,916.75 on NSE. According to the current share price, this stock has given a return of 196.91% in one year. The stock has gained 47% in YTD this year. It saw a rise of 23.54% in the last one month.
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investors have become rich
According to the share price history of Tata Elxsi, if an investor had invested Rs 1 lakh in this stock 21 years ago at the rate of Rs 19.65 and maintained his investment till now, he would have made a profit of Rs 4.40 crore today. On the other hand, if an investor had invested Rs 1 lakh in this stock 9 years ago at the rate of Rs 95.50, then today this amount would have become Rs 90.68 lakh. Similarly, an investment of Rs 1 lakh would have become Rs 11.20 lakh in five years. An investment of 1 lakh in a year would have been 2.96 lakh.
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What does the company do?
Tata Alexi is a Tata group company. It is Tata’s engineering research and development unit. The company also operates as an active midcap company in the IT software sector.