Markets
₹0.5 to ₹26.15: Multibagger penny stock turns ₹1 lakh to 52 lakh in 2-year
Summary
- Multibagger penny stock: If an investor had invested ₹1 lakh in this penny stock one month ago, its ₹1 lakh would have turned to ₹2.20 lakh today
Multibagger stock: On account of the strong rebound post-Covid selloff, Indian stock market delivered a good number of multibagger stocks in 2021. This list of multibagger stocks includes shares from all segments as the market rally was participatory. The year 2021 was also remarkable in terms of returns generated by small and penny stocks.
The stock of this metal industries player is among the multibagger penny stocks in 2021. The multibagger metal stock has surged from ₹0.50 (close price on NSE on 10th January 2020) to ₹26.15 per share levels (close price on NSE on 10th January 2022), logging around 5100 per cent rise in these two years.
Share price history
The stock mentioned above is Lloyds Steels Industries. In the last one week, this multibagger penny stock has surged from ₹21.65 to ₹26.15, logging around 21 per cent return to its shareholders. In the last one month, the penny stock has delivered near 120 per cent return to its shareholders after appreciating from ₹11.85 to ₹26.15 levels.
In the last 6 months, Lloyds Steels Industries share price has risen from ₹3.75 to ₹26.15 apiece levels, appreciating to the tune of around 600 per cent in this period. Likewise in the last one year, this multibagger penny stock has surged from ₹1.00 per share levels to ₹26.15 per stock mark, registering around 2500 per cent rise in this period.
Similarly, in the last two years, the multibagger penny stock has surged from ₹0.50 to ₹26.15, appreciating almost 5100 per cent in this period.
Impact on investment
Taking cue from Lloyds Steels Industries share price history, if an investor had invested ₹1 lakh in this multibagger penny stock one week ago, its ₹1 lakh would have turned to ₹1.21 lakh today. If an investor had invested ₹1 lakh in this penny stock one month ago, its ₹1 lakh would have turned to ₹2.20 lakh today while it would have turned to ₹7 lakh in 6 months.
Likewise, if an investor had invested ₹1 lakh in this stock one year ago and had remained invested in it till date, its ₹1 lakh would have turned to around ₹26 lakh today.
Similarly, if an investor had invested ₹1 lakh in this multibagger penny stock 2 years ago, buying one share at ₹0.50 apiece, its ₹1 lakh would have turned to ₹52 lakh today.
