₹20 to ₹661: Multibagger stock turns ₹1 lakh to ₹33 lakh in 6 months
Summary
- Multibagger stock: If an investor had invested ₹1 lakh in this counter one week ago, then its ₹1 lakh would have tuned to ₹1.21 lakh today
Multibagger stock: In market rebound post-second wave of Covid-19 pandemic, Indian stock market has given stellar return to its investors. In last six months, a good number of stocks have entered the list of multibagger stocks. This includes Raghuvir Synthetics shares. The textile stock has surged from around ₹20 to ₹661.90 per share levels in last six months, appreciating to the tune of near 33 times in this small time span.
Raghuvir Synthetics share price history
In last one week, this multibagger stock has risen from around ₹544 to ₹661.90 levels, logging around 21.5 per cent surge in one week. In last one week trade, the textile stock has hit 5 per cent upper circuit on all 5 trade sessions. In last one month, Raghuvir Synthetics share price has risen from ₹250 to ₹661.90 levels, rising around 165 per cent in this period. Likewise in last six month time period, this multibagger stock has risen from near ₹20 levels to ₹661.90 levels, logging around 3200 per cent rise in this period.
Impact on investment
Taking cue from Raghuvir Synthetics share price history, if an investor had invested ₹1 lakh in this counter one week ago, then its ₹1 lakh would have tuned to ₹1.21 lakh today. Similarly, if an investor had invested ₹1 lakh in this multibagger textile stock one month ago, its ₹1 lakh would have turned to ₹2.65 lakh today. However, if an investor had invested ₹1 lakh in this multibagger stock six months ago and had remained invested in this counter throughout this period, its ₹1 lakh would have turned to ₹33 lakh today.
Alpha return for shareholders
In the same period, key benchmark index Nifty 50 has delivered near 9.25 per cent return whereas BSE Sensex has given around 10.35 per cent return. So, this multibagger textile stock is one of the alpha stocks in 2021 because it has given much higher return for its shareholders than BSE Sensex and NSE Nifty.
