In any case, it is dangerous to invest large amounts in the stock market without taking the advice of a financial expert. Be sure to consult a financial advisor before investing in any stock. But now let’s see which stock has given bumper returns to the investors.
The name of that multibagger stock is Global Capital Markets Limited. In November 2007, the share price of this stock was Rs.6.50 on BSE. In the same order, the shares of the company were divided into 10 parts. Since then, the mindset of investors who have invested in it has changed. The wealth of investors has been increasing successively. It has provided good profits in the short term as well. Currently, the share price of this company continues at Rs.32. That means it has given 400 percent returns.
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If they had invested Rs.1 lakh in this small cap stock in November 2007, they would have got 15,384 shares. Stock split in 2010 in 1:10 ratio. With this, the shares held by the investors have increased 10 times. With this, the total number of shares became 1,53,840. It means that one share has become 10 shares. Currently, the share price of this stock is Rs.32 in the stock market. According to this calculation, the wealth of those who invested Rs.50 lakh has reached Rs.50 lakh today. This has also changed the mindset of investors.
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Multibagger stocks are a bit difficult to find but can be identified with good research. Their results, performance and plans will be known. In addition to this, good profits can be expected in the long run only by taking the advice of financial experts and investing.
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