new Delhi. Multibagger penny stock: Market experts say that investing in penny stock is always risky. These stocks have less volume and move faster. Along with this, market experts also believe that if the fundamentals of a company are strong, then penny stocks of that company can be bought and they can give profits. Many such penny stocks have made a difference to their investors.
The share of Kaiser Corporation Ltd. is also a similar stock, which has made investors millionaires in just one year. This penny stock is showing continuous upper circuit since last few days. In one year, it has given a return of 11,176.32% to the shareholders. During this period the price of this share has increased from 38 paise to Rs 42.85. Saffron Corporation Limited deals in Labels, Stationery, Magazines and Carton Printing. It also deals in engineering goods, electric and mechanical heat tracing etc. with its subsidiaries.
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Bumper returns given in a year
The share price of Saffron Corporation closed on BSE 38 paise on 12 April 2021. On Friday, March 25, 2022, its price reached Rs 42.85 (Kaiser Corporation Ltd. Share Price) per share. In this way, this multibagger stock has given a bumper return of 11,176.32 percent to the investors in a year. If we talk about the year 2022, then there has been a jump of 1,367.47 in this stock. Its price was Rs 2.92 on BSE on January 3, 2022, which has now increased to Rs 42.85. It has given excellent returns in the last one month as well. It has jumped 125.41 percent in a month.
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investors become millionaires
If an investor had invested Rs 1 lakh in the shares of Kaiser Corporation a year ago, then today this amount has become Rs 1.12 crore. Similarly, if an investor has invested Rs 1 lakh in this stock on January 3, 2022, then that investment has turned into Rs 14.67 lakh today. Investors who have invested one lakh in this stock a month ago, their amount has more than doubled to Rs 2.25 lakh.
Tags:, Multibagger stock, Share market, stock market
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