Investing in the stock market is considered a risky business, but there are many shares in it which have proven to make their investors rich. Many of these have made money in the long term, while many have emerged as multibagger stocks in a very short time. Today the whole country is celebrating 78th Independence Day, so let us know about the 5 stocks which have become rich in the year since last 15th August…
Sri Adhikari Brothers Share
The share of Shri Adhikari Brothers Television Network is at the first position in this list. According to corporate database ACE Equity, this share was worth just Rs 1.45 on August 14, 2023, a day before Independence Day, but now its price has reached Rs 460 on Wednesday, the last trading day. This stock has given a return of 32,496.43% to investors in a year. If we look at it accordingly, the investors who would have invested Rs 1 lakh in this share a year ago, their amount would have crossed Rs 3 crore today.
Afternoon Renewable Share
The second name among these stocks which shower money on its investors by giving multibagger returns is the stock of Waree Renewable Technologies, in which investors who have invested money have gained 449.55% since Independence Day. Strong returns have been received. On August 16, 2023, the price of a share of the company was around Rs 260, which closed at Rs 1455.10 on Wednesday, August 14, 2024. If we calculate accordingly, the amount of investors who invested Rs 1 lakh increased more than five times in a year.
RVNL Share
Shares of Rail Vikas Nigam i.e. RVNL, a company associated with Indian Railways, have also proved to give multibagger returns to its investors from 15th August till now. The price of this share was Rs 124.65 on August 16, 2023, and reached Rs 554.50 on Wednesday, August 14, 2024. That is, this railway stock has given a strong return of 344.85% to the investors in a year and has increased the investors’ money more than four times during this period.
IRFC Share
Another share related to Indian Railways is included in this list. We are talking about IRFC Share, which was at the price of Rs 51.25 on August 16 last year and has now reached the level of Rs 180. This company with a market capitalization of Rs 2.35 lakh crore has given an impressive return of 251.22% to the investors since the last Independence Day and has increased their invested amount to more than three times during this period.
Hazoor Multi Projects Share
Next in this list comes the shares of Hazur Multi Projects Limited, which has increased the amount of investors by more than two and a half times since Independence Day last year. Actually, the price of this multibagger stock was Rs 133.55 last year on August 16, 2023, which has now increased to beyond Rs 366. This means that those investing in this stock have got a return of 174.24%.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)