Multibagger stocks: The stock market is a game in which both your understanding and luck have a big role with money. Today we have brought the story of a share that made our investors rich. It converted 1 lakh rupees to 10 crores. The name of this multibagger stock is Saubhagya Mercantile Limited.
This company is connected to the infrastructure sector and works to remove steel and roads as well as minerals like stone and coal.
Investors were rich
Saubhagya Mercantile shares closed at Rs 920.60 on 21 August. The stock was around Rs 453 in June. That is, in just two months, the stock almost doubled. At the same time, last year it was only 55 rupees. According to this, it has given about 1500% returns in a year.
Ever less than one rupee
The stock of this company started in May 2021 and then its price was only 96 paise. Today it is trading above Rs 920. That is, a return of about 98,000%.
If an investor would have put only Rs 1 lakh in the stock of this company in May 2021, then today his value would have increased to about Rs 9.81 crore. Meaning it is clear, this share was no less than a gold treasure for investors. The market cap of Saubhagya Mercantile is 773.30 crores according to the BSE website. This company works to rent coal and minerals as well as rent machines.
Also read: Luxury bus will run soon like airplane, bus hostess will be instead of airhostess, Gadkari’s big announcement
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
Khanderao Deshmukh aims to guide job seekers by delivering accurate, timely, and easy-to-understand information, helping them secure stable government careers.
