Multibagger stock: Here we are telling you about such multibagger stocks in which 1 lakh rupees invested would have made you a millionaire in a decade. The shares of this Hyderabad-based electric service company have been seeing a decline since the last few trading sessions, which is in line with the mood of the market, but if we look at its past history, then it has proved to be a multibagger stock. The stock has given strong returns to its investors for a long time.
This multibagger stock was seen on NSE at Rs 3.40 on 26 August 2011 whereas in a decade it has increased 161 times to 548. Now we are also telling you the name of this share. The name of the stock that is being discussed here is Avanti Foods.
Avanti Foods Share Price History
Avanti Foods has seen a decline of 3.5 per cent in the last trading session while it has lost 7 per cent in the last 5 trading sessions. In fact, profit booking is being seen in this stock since last 1 month. In the last one month, this stock has seen a fall of 11.61 percent.
Mulitbagger Stocks: These IT stocks gave a return of 4000% in 10 years, your 1 lakh rupees made 41 lakhs
If we look at the performance of the financial year 2021-22, then on 31 March 2021, this stock is seen at Rs 414.45. At present, it is seen around Rs 548 with an increase of about 32 percent. In the last 5 years, this stock has given a multibagger return of 206 percent, but if we look at the performance of the last 10 years, it has increased from Rs 3.40 to Rs 548, giving a return of 16000 percent in this period.
impact on investment
If you look at the returns of this multibagger stock, if you had invested Rs 1 lakh in this stock in the financial year 2022, it would have become 1 lakh 32 thousand. Similarly, if someone had invested Rs 1 lakh in this stock 5 years ago and he had remained in it till now, then this Rs 1 lakh would have turned into Rs 3.06 lakh.
On the other hand, if someone had invested Rs 1 lakh in this share 10 years ago and it had been made by now, then its Rs 1 lakh would have become Rs 1.61 crore.
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