Multibagger Stock: If you want to become rich from the stock market then you should have patience.
This is one of the most important qualities for stock investors. For stock market investors, there is no other short cut to getting rich than following the ‘buy, hold and forget’ strategy.
Famous investor Warren Buffett once said that if an investor cannot hold a stock for 10 years, then he should not even think of holding a stock for 10 minutes. Alkyl Amines share is a living example of this. This chemical stock is one of the multibagger returns in 2021.
The multibagger stock has been in the grip of sell-off for the past six months since its return of 6,000 per cent in 8 years climbing to a life-time high in August 2021. In Year-on-Year (YTD) time, the share price of Alkyl Amines has declined from ₹ 3800 to ₹ 3010 level.
There was a loss of 20 percent during this period. This Multibagger Chemicals stock has fallen from around ₹4125 to ₹3010 levels in the last 6 months, with a loss of around 27 per cent in this period. However, this multibagger stock has rallied 46 per cent in the past one year on the back of the post-Covid rally.
In the last 5 years, the share price of Alkyl Amines has increased from ₹148.64 to ₹3010 per level, registering a growth of around 1900 percent in this period. Similarly, the share price of Alkyl Amines rose from ₹49 (NSE on 7 March 2014) to ₹3010 (NSE 11 March 2022 closing price) level, which is approximately 61 percent in a span of about 8 years. times increased.
₹ 1 lakh became ₹ 61 lakh
Alkyl Amines share price According to history, if an investor had invested ₹ 1 lakh in this stock for a long period, it would have earned ₹ 1 lakh from the previous one. In the year it would have become ₹ 1.46 lakh. If an investor had invested ₹ 1 lakh in this stock 5 years ago, his ₹ 1 lakh would have become a little more than ₹ 20 lakh today.
Similarly, if an investor had invested ₹1 lakh in this multibagger stock 8 years ago to buy a stock at ₹49 level, ₹1 lakh would have become ₹61 lakh today, provided he was still in this position. Live in investments over the counter. This multibagger stock has soared from ₹49 to ₹3010 in the last 8 years, up nearly 6,000 percent in this period.
