There are many such stocks in the stock market in which investors who have invested have become rich today, but business in the market is full of risk, because it is difficult to predict when which stock will rise and shower money and which one will crash and make you bankrupt. Today we are talking about such a small stock, which has made investors crorepatis in just four years. This stock is of Raj Rayon Industries Limited, which has given investors a return of more than 55000 percent in this period and has become a multibagger stock.
5 years and return of 55440%
The stock market may be a risky business, but the multibagger stocks included in it have proved to be a profitable deal for the investors. Talking about Raj Rayon Industries Share, four years ago on 6 September 2019, the price of this stock was just 0.050 paise, but then this stock showed such a miracle that it has now crossed Rs 27 while running at a stormy speed. On Thursday, this stock jumped 1.95 percent and closed at the level of Rs 27.77. According to this, the multibagger return received by the investors in the last five years was 55,440 percent.
Those who invested 1 lakh became millionaires
If we calculate the returns received by those who invested in Raj Rayon shares, then if an investor had invested Rs 1 lakh in Raj Rayon Share five years ago and held it till now, then this amount would have increased to Rs 55,540,000 by now. In other words, this small-looking Multibagger Stock became a crorepati share for its investors in just five years.
The stock ran like a rocket after 2022
If we look at the performance of five years, the movement of this stock remained slow and sluggish from 2019 to 2022. This can be gauged from the fact that on March 17, 2022, the price of this stock crossed Rs 1. But after this it did not look back and started moving forward at a rocket speed. By March 3, 2023, it had crossed the figure of Rs 84. After this, the pace of Raj Rayon share slowed down a bit. So far this year, it has jumped about 60 percent. Due to the continuous rise in the stock, the market capitalization of the company has also increased to Rs 1540 crore.
The company does this business
This Multibagger Penny Stock has proved to make its investors millionaires in five years. If we talk about the functioning of the company, Raj Rayon Industries was established on 17 August 1993, it was incorporated as a public limited company. Raj Rayon Limited Company is engaged in the manufacturing and business of polyester chips, polyester yarn.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)
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