₹7 to ₹395: Penny defense stock turns multibagger in 5 years. Share jumps 5500% | Mint
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Business News/ Markets / Stock Markets7 to 395: Penny defense stock turns multibagger in 5 years. Share jumps 5500%
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₹7 to ₹395: Penny defense stock turns multibagger in 5 years. Share jumps 5500%

Multibagger stock: If an investor had invested ₹1 lakh in this defense stock one year ago, its ₹1 lakh would have turned to ₹2.05 lakh today

Multibagger penny stock: If an investor had invested ₹1 lakh in this defense stock three years ago, its ₹1 lakh would have turned to ₹56 lakh today.Premium
Multibagger penny stock: If an investor had invested 1 lakh in this defense stock three years ago, its 1 lakh would have turned to 56 lakh today.

Multibagger penny stock: BSE listed Nibe shares are one of those multibagger stocks that has delivered whopping return after the market made its bottom post-Covid-19 sell off. This defense stock has risen from around 7 to 395 apiece levels in last three years, delivering to the tune of near 5500 per cent return to its long term shareholders. During this rise, the penny stock went on to become a multibagger penny stock in these three years.

 

Nibe share price history

After climbing to its life time high in January 2023, this small-cap multibagger stock has been under the profit booking zone. In last one month, it has shed around 15 per cent whereas in last six months, it has given multibagger return to its shareholders. In last six months, this small-cap stock has risen from 191 to 395 apiece levels, logging around 105 per cent rise in this period. In last one year, this defense stock has risen from around 50 to 395 apiece levels, ascending around 675 per cent in this time horizon.

Likewise, in last three years, this defense share has appreciated from around 7 to 395 per share levels, rising to the tune of more than 56 time in this period.

Impact on investment

Taking cue from Nibe share price history, if an investor had invested 1 lakh in this stock one month ago, its 1 lakh would turned to 85,000 today. If the investor had invested 1 lakh in this multibagger penny stock six months ago, its 1 lakh would have tuned to 2.05 lakh today. Likewise, if an investor had invested 1 lakh in this multibagger defense stock one year ago, its rs 1 lakh would have turned to 7.75 lakh today. Similarly, if an investor had invested 1 lakh in this penny defense stock three years ago, its 1 lakh would have turned to 56 lakh today. Provided the investor had remained invested in this penny stock throughout the period mentioned above.

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This multibagger stock is listed on BSE and its current market cap is 411 crore. It ended on Friday with trade volume is 11,201. This multibagger penny stock's 52-week low is 18 whereas its 52-week high is 564.90 apiece.

 

The stock is standing at a PE multiple of 74.96, which is much higher than the sector PE of 25.19.

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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. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 15 Feb 2023, 12:25 PM IST
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