new Delhi. Multibagger Stock: Some penny stocks have also given shoddy returns to their investors and they have joined the club of multibagger stocks. One such penny stock is of SEL Manufacturing Company Ltd. This stock has given tremendous returns of more than 1 lakh 75 thousand percent in the last six months making its investors millionaires.
On Thursday also, the shares of SEL Manufacturing closed at Rs 643.95, up 4.99 per cent on the NSE. SEL Manufacturing Company Limited was established in 1959. The company deals in textile manufacturing. Arr Ess Leading Edge Private Limited is its promoter. It holds about 75 per cent of the shares of SEL Manufacturing Company.
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It took six months to reach Rs 643.95 from 35 paise
The stock price of SEL Manufacturing was 35 paise on the NSE on 27 October 2021. Within six months, this stock has gone up at rocket speed and now its price has gone up to Rs 643.95. In this way, this stock has given a multibagger return of 175,028.57 percent to its investors in a period of six months.
In the year 2022, this stock has increased from Rs 44.40 (January 3, 2022) to 643.95. In this way, in about three and a half months, it has given a profit of 1,280.52 percent to its investors. If we talk about the last one month, then in a month itself, this stock has given a return of 129.01 percent. The share price of SEL Manufacturing as on 24 February 2022 was Rs 267.65. Whereas today it has become Rs 643.95.
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One millionaire became a millionaire
If we look at the stock history of SEL Manufacturing Company Ltd, if an investor had invested Rs 1 lakh in this stock six months ago, then his amount has become Rs 17.51 crore today. At the same time, if an investor had invested Rs 1 lakh at the rate of Rs 44.40 per share in this year (YTD), then today this amount would have been Rs 13.80 lakh. If someone had invested Rs 1 lakh a month ago, today this amount would have been Rs 2.30 lakh. That is, within a month, the investor’s amount increased by two and a half times.
Tags: Multibagger stock, stock market
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