The stock market has been giving tremendous returns for some time now. Some stocks have made people millionaires overnight.
You must be wondering which is such a stock, which has given returns to the investors with such speed. Let us tell you, there are not many such stocks, just need to identify them on time. Today we are telling you about such Multibagger Stocks, which has raised the investment of Rs 1 lakh to the level of 64 lakhs in a year.
How 1 lakh became 64 lakh
In the year 2021, not one but many multibagger stocks have filled the bag of investors. The performance of many stocks continues in 2022 as well. The name of the share we are talking about with you today is Simplex Papers Ltd. The stock of this company has given a return of more than 10 thousand percent in the last one year. However, it has been declining since the last few sessions. Still, it remains at the return level of more than 6400 percent at the moment.
When did the record speed come?
If we look at the track record of Simplex Paper’s stock for the last 52 weeks, it was at its high level of 122.70 in December 2021. At that time, the one who would have withdrawn money from it, he would have been in great profit. However, since then the stock is closing with a red mark. If you had invested 1 lakh rupees in this stock a year ago, then today it would have increased to more than 64 lakhs.
When the share was of Re 1
A year ago it was penny stock and in January 2021 it was priced at Re 1. After that, it did not see a significant increase till October, but within four months after that, it touched the level of Rs 122 with a record high. That is, it can be said that the return of the simplex for the last six months is excellent.
1500 per cent return in six months
The share of Simplex Paper has given a return of 1500 per cent to the investors in six months. Six months ago, on July 13, 2021, it was at the level of Rs 4.63. At the same time, the share price has reached 64.40 in the session that closed on January 13. If you are planning to invest thinking about the returns from this stock, then definitely consult an expert.
Simplex Papers Business
Simplex Papers Limited based in India is engaged in the wholesale business of paper. The company also does paper products. The company’s different types of paper include writing paper, bond paper, copier paper, laser paper, news print paper and printing paper.