Multibagger penny stock turns ₹1 lakh to ₹5.67 crore in near 3 years

Multibagger stock: If an investor had invested 1 lakh in this penny stock three years ago, its 1 lakh would have turned to 5.67 crore today

Sangeeta Ojha
Updated15 Dec 2021, 07:42 AM IST
Multibagger stocks are known to increase your wealth manifold.
Multibagger stocks are known to increase your wealth manifold.(PTI)

In the last two years, a good number of stocks have given multibagger returns to their shareholders. Flomic Global Logistics shares are one of such multibagger stocks in India that belong to the list of multibagger penny stocks. This stock has surged from 0.35 per share levels to 198.45 apiece, rising around 567 times in this around three year time.

Flomic Global Logistics share price history

As per the share price history of this multibagger penny stock, Flomic Global Logistics share prices have surged from 10.37 to 197.80 levels in the last six months, rising to the tune of near 1,800 per cent in this period. In year-to-date time i.e. in 2021, this penny stock went northward from 1.95 apiece to 197.80 levels, giving near 10,050 per cent return to its shareholders.

Similarly, in last 3 years, the stock has surged from 0.35 levels to 197.80 per stock mark, rising around 567 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 counter 6 months ago, its 1 lakh would have turned to 19 lakh today. Similarly, if an investor had invested 1 lakh in this stock at the beginning of year 2021, buying one stock at 1.95, its 1 lakh would have turned to near 1.01 crore. 

Likewise, if an investor had invested 1 lakh in this multibagger penny stock near three years ago, buying one stock at 0.35 levels, its 1 lakh would have turned to 5.67 crore today.

The multibagger penny stock hit a 52-week high of 216 on October 28, 2021 and a 52-week low of 1.53 on December 8, 2020. In the September quarter, the firm reported a 17.65% fall in net profit.

What are Multibagger stocks?

Multibagger stocks are known to increase your wealth manifold, as the returns on such investments are tremendous. You can easily identify Multibagger stocks by looking at the performance of an issuing company. Multibagger shares have high earnings per share as well, increasing your dividend income on the investment amount.

Despite the world reeling under the possible outbreak of a new variant of Coronavirus – Omicron. financial markets have turned more volatile than before and sentiments have been bearish for a short time-frame. “Amid these volatile times, there are some hidden gems in the market that are poised to outperform with their strong balance sheet, leadership position and are almost debt-free. Empirically, they have managed to provide decent returns in past and will continue to enhance shareholders wealth going ahead,” said Ankur Saraswat, Research Analyst at Trustline Securities

Flomic Global Logistics

Flomic Global Logistics Limited operates as a logistic company. The company serves customers worldwide, provides warehousing, distribution, freight forwarding, customs broking, cargo, consolidation, multimodal transportation, and country trade services.

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News in Numbers

Numbers that help you understand news better
₹68,885 Cr

3.15L

48%

₹6.7 T

$240.5 M

$459 M

$3 B

₹588.25 Cr

₹20,000 Cr

7.93 Cr

₹8,943 Cr

10%

20 Yrs

First Published:15 Dec 2021, 07:42 AM IST
HomeMarketsStock MarketsMultibagger penny stock turns ₹1 lakh to ₹5.67 crore in near 3 years

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