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Home / Markets / Stock Markets /  Multibagger penny stock turns 1 lakh to 2 crore in 3 years

Multibagger stock: The Indian stock market witnessed a stellar rally this year despite the global economy facing the hurdles from the Covid-19 pandemic. The record-breaking rally led to many stocks giving multibagger returns in 2021. A large number of penny stocks have also participated in the rally as many such stocks have generated impressive returns for their shareholders.

One such penny stock is a Gujarat-based textile company, which is listed on both NSE and BSE. In the last 3 years, this penny textile stock has surged from 0.97 to 194 on BSE, logging around 19,900 per cent rise in this period. The multibagger stock has skyrocketed a whooping over 1,000 per cent this year (year-to-date) alone

Share price history

The share we are talking about is Digjam. As per Digjam share price history, this multibagger penny stock has risen from 66.60 to 194 apiece levels in last one month, logging around 90 per cent rise in this period. In last 3 months, this multibagger stock has surged from 17.27 to 194, appreciating to the tune of near 1000 per cent in this period. Likewise, in last one year, this penny stock has gone northward from 3.98 to 194, registering around 4800 per cent rise in this period.

Likewise, in last three years, this multibagger penny stock price has appreciated from 0.97 to 194 apiece levels, logging near 200 times in this period.

Impact on investment

Taking cue from the share price history of this multibagger penny stock, if an investor had invested 1 lakh in this stock one month ago, its 1 lakh would have turned to 1.90 lakh today. If an investor had invested 1 lakh in this stock 3 months ago, its 1 lakh would have turned to 11 lakh today. Similarly, if an investor had invested 1 lakh in this penny stock one year ago and had remained invested in it till date, its 1 lakh would have turned to 49 lakh.

Likewise, if an investor had invested 1 lakh in this stock 3 years ago and remained invested in this multibagger penny stock till date, its 1 lakh would have turned to 2 crore today.

Generating alpha return in 3 years

This multibagger penny stock is one of the alpha stocks in 22021 as well. It has beaten key benchmark indices by huge margin. In same 3 years, NSE Nifty has delivered around 57.60 per cent return whereas BSE Sensex has given around 59 per cent return to is investors.

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