Multibagger stock: 58 paise multibagger shares made investors rich, 10 thousand rupees 2.53 crores
Multibagger Stock Returns: There is definitely a risk factor involved in the stock market, but here your profit is also tremendous. Many stocks are giving multi-beggar returns amid the fall in the market. In this sequence, today we are telling you about a stock that has made its investors rich.
This multi beggar stock has earned more than Rs 2.5 crore from just Rs 10,000. Investors who invested Rs 10,000 in the stock 16 years ago have made a profit of Rs 2.53 crore today. That is, if an investor had shown patience by investing money in it, then a strong fund would have been deposited in his account. The name of this multi-beggar stock is Symphony Ltd.
Know about this company
Symphony is a consumer electronics company that manufactures air coolers, dessert coolers, room coolers, personal coolers and portable air coolers. The demand for this specialty has increased significantly as a result of recent corporate scandals. It has branches in countries like America, Europe, Asia and Africa. It operates under the names Imco in Mexico and Carulai Air Cooler in China. That is, the company’s market is also strong.
Strong return of 2,53,000 per cent
In 1994, the symphony was listed on the Bombay, Ahmedabad and Delhi stock exchanges at a price of just Rs 0.58 per share. While on Friday the stock was trading at Rs. Was trading at 1,455-1,466. This stock has given a strong return of 253,000 per cent in 16 years.