Multibagger Stocks: This stock gave a sloppy return, became ₹ 530 worth 44 rupees in 52 days, did you buy?


new Delhi. If you want to earn big money from stock market and are looking for multibagger stock then this news is for you only. Like in the year 2021, this year also some multibagger stocks have rocked the market. Today we are telling you about another multibagger stock. In this episode, the stock of textile company SEL Manufacturing Company Limited has given sloppy returns to the investors.

More than 1,000 percent return to investors in 52 days
If we look at the history of this stock, then the shares of this company have increased from Rs 44.40 (January 3, 2022) to Rs 529.55. This stock has given a whopping return of 1,092.68 percent in the year 2022 so far. This means that the stock of SEL Manufacturing has given investors gains of more than 1,000 per cent in 52 trading sessions so far this year. If someone had invested Rs 1 lakh in this stock this year, today it would have increased to Rs 11.92 lakh.

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The company’s stock was only 35 paise 5 months ago on 27 October 2021. The stock rose to a level of Rs 480.35 in the trading week that closed on March 15, 2022. Talking about a month ago, this stock was at the level of Rs 199.90, which has now increased to Rs 480.35. If an investor had invested 10 thousand rupees in this stock five months ago, then today this amount would have been Rs 1.37 crore.

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Investors beware
The company has 8 promoters whose total stake is 75.27%. Apart from this, 16,521 public shareholders hold a total of 24.73% stake in the company. Foreign investors held 42,178 shares of the company in the third quarter of the current fiscal. However, in the shares in which the stake of public shareholders is less, then investors should invest very carefully. The company has been incurring losses continuously for the last several fiscal years.

Tags: Multibagger stock, Share market, stock market


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