Multibagger stock: Even though money is a risky game in the stock market, but many investors played bets at the right time and at the right stocks, they also became rich. Today we are talking about a defense share that has given a tremendous return of about two thousand percent to the investors in five years, while it has doubled the money in the last six months.
The name of this stock is Apollo Micro Systems. It is a company related to the supply of electronics and electromachanical systems. Its stock has become a multibagger in the last five years. At that time its price was only 11 rupees but now it is trading at the price of Rs 290.
Multibagger shares
If you look at the performance of the stock, then in the last five years it has given a great return of about 2323 percent. That is, if an investor had invested 1 lakh rupees in it five years ago, then today his value would have been more than 24 lakh rupees. While this stock has doubled investors’ money in six months, it has given a return of about 172 percent in a year.
Why the share so fast?
The stock opened for trading at Rs 275.25 on Tuesday and then reached a level of Rs 290.80. Due to this boom in the company’s shares, its market cap increased to Rs 9240 crore.
Apollo micro systems work in many important techniques related to defense sector. The company is involved in the design, distribution and development of underwater missile programs, submarine systems, avionic systems and products associated with them.
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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.)
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