Multibagger Stock: This 12 rupee stock has made investors millionaires, do you have?

By | March 16, 2022




Multibagger stock: Investing in a stock is like investing in a business. Investors also want a multibagger return on investment. However, good returns require a bit of waiting. This means that long lasting investors in the Indian stock market get huge returns. However,





for this, bets should be placed only on stocks which have a good business model and whose fundamentals are strong. There is a mantra to make big money in the stock market that choose good stocks, bet and forget it for a long time. Balkrishna Industries share is an excellent example of how much money can be earned if a good stock comes in hand




Balkrishna Industries stock

Shares of the multinational tire maker have risen from Rs 12.18 to Rs 2,000 per share in the last 13 years. The stock has given investors a return of 16,320 per cent over a period of 13 years.

A look at Balkrishna Industries stock price history

The stock has been under selling pressure for the last six months. The stock has fallen 20 percent in the last six months. So far in 2022, the stock has fallen from Rs 2,327 to Rs 2,000. That means the stock has fallen 14 percent so far in 2022. In the last one year, the stock has risen from Rs 1,640 to Rs 2,000. The stock, meanwhile, has risen 22 percent.

Within five years, the multibagger stock has risen from Rs 700 to Rs 2,000. The stock has risen 185 per cent in five years. In the last 10 years, the stock has risen from Rs 125 to Rs 2,000. The stock has gained 1,500 per cent in the last 10 years. The stock has risen from Rs 12.18 to Rs 2,000 in the last 13 years. That means the stock has split 164 times in 13 years.

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