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Business News/ Markets / Stock Markets/  Multibagger stock: 1 lakh turns 7.32 lakh in this metal stock in 3 months
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Multibagger stock: ₹1 lakh turns ₹7.32 lakh in this metal stock in 3 months

Multibagger stock: If an investor had invested ₹1 lakh in this stock 5 days ago and had remained invested throughout this period, its ₹1 lakh would have become ₹1.21 lakh

Multibagger stock 2021: If an investor had invested ₹1 lakh in this metal stock one month ago, its ₹1 lakh would have become ₹2.62 lakh. (Mint)Premium
Multibagger stock 2021: If an investor had invested 1 lakh in this metal stock one month ago, its 1 lakh would have become 2.62 lakh. (Mint)

Multibagger stock 2021: Amid small-cap index scaling to its record high and other indices too participating in the market rally, year 2021 has seen a large number of multibagger stocks. However, in this list of stocks delivering more than 100 per cent return in one year not just include large-cap, mid-cap and small-cap stocks. This list of multibagger stocks 2021 In India includes SME stocks too. Its glaring example is Steel Strips Infrastructures shares. This metal stock has surged around 632 per cent in last three months as it soared from 4.42 per stock mark (close price at BSE on 11th May 2021) to 32.35 per stock levels today (at 9:45 AM).

Steel Strips Infrastructures share price history

This SME metal stock has hit 5 per cent upper circuit today in the opening bell. In the last 5 trade sessions, this metal stock has shot up over 21 per cent as it went up from 26.70 to 32.35 levels in this period. However, in the last one month, this stock surged from 12.31 per stock levels to 32.35 — delivering multibagger return of around 162 per cent. But, in the last 3 months, the stock price shot up from 4.42 per equity share to 32.35 per stock mark — logging around 632 per cent rise in this period.

Impact on investors

Taking cue from Steel Strips Infrastructures share price history, if an investor had invested 1 lakh in this stock 5 days ago and had remained invested throughout this period, its 1 lakh would have become 1.21 lakh. Similarly, if an investor had invested same 1 lakh in this metal stock one month ago, its 1 lakh would have become 2.62 lakh. However, if an investor had invested 1 lakh in this metal stock 3 months ago and had remained invested throughout the period, its 1 lakh would have become 7.32 lakh.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 10 Aug 2021, 10:19 AM IST
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