Multibagger Stocks: After taking a break last week, the domestic stock market made a good start to the new week today. In this way, it seems that the rally going on in the market since the beginning of July can continue. As soon as the market rally comes, people start looking for multibagger shares, so today we have again brought a story of a tremendous multibagger share for you.
This is the story of the stock of metal forging company Ramkrishna Forgings. The company is engaged in manufacturing and supplying open and closed die forgings of carbon, alloy steel, micro alloy steel and stainless steel. The company supplies these products in forged, heat treated, machined and fully assembled conditions as per the demand.
If you look at the stock market, after the end of trading on Monday, the stock of Ramakrishna Forgings rose by about 4 percent to Rs.563. It has gained 3.50 per cent in the last 5 days. During this period, the stock also made its 52-week high, which is Rs 575.
In the last one month, its price has gone up by about 30 percent. At the same time, in 6 months, it has shown a spectacular growth of more than 110 percent. Since January this year, its price has increased by more than 112 percent, while in one year the share price has strengthened by about 215 percent.
1 lakh becomes 20 lakh
If we talk according to the last 3 years, then the flight of the stock of Ramakrishna Forgings becomes more than 1800 percent. Three years ago, its one share was just Rs 29, which has reached Rs 563 today. That means in 3 years it has shown a growth of about 20 times. If an investor had invested Rs 1 lakh in its shares 3 years ago and held it, he would have got Rs 19.41 lakh today.
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