₹12 to ₹240: Multibagger penny stock turns ₹1 lakh to ₹20 lakh this year

Multibagger stock: Investing in penny stocks is quite risky as it low liquidity leads to high volatility in case of single trigger. However, it can give whopping return to its shareholder if its fundamentals are quite strong. Cosmo Ferrites shares are glaring example of it. It is one of the multibagger penny stocks in 2021. This multibagger share surged from ₹12 to ₹240 in year-to-date time, delivering 2000 per cent return to its shareholders.

Cosmo Ferrites share price history

In last one month, this multibagger penny stock has risen from ₹225.70 to ₹240 apiece levels, yielding around 6 per cent return to its shareholders. In last 6 months, the penny stock price has surged from ₹28.30 to ₹240, logging near 750 per cent rise in this period. Similarly, in year-to-date time i.e. in 2021, the multibagger stock has gone northward from ₹12 to ₹240, appreciating to the tune of 20 times in this period.

Impact on investment

Taking cue from share price history of this multibagger penny stock, if an investor had invested ₹1 lakh in this penny stock one month ago, its ₹1 lakh would have turned to ₹1.06 lakh today. If an investor had invested ₹1 lakh in this multibagger stock 6 months ago and had remained invested in the counter throughout this period, its ₹1 lakh would have tuned to ₹8.50 lakh today.

Likewise, if an investor had invested ₹1 lakh in this stock at the beginning of 2021 buying one stock at ₹12, its ₹1 lakhn would have turned to ₹20 lakh today.

The multibagger penny stock is one of the alpha stocks in 2021 as well. The stock has delivered 2000 per cent return to its shareholders in YTD time. In this period, NSE Nifty has given around 23 per cent whereas BSE Sensex has given near 21 per cent. So, the penny stock has generated much higher return than the key benchmark indices Nifty and Sensex in 2021.