Now let’s talk about a chemical stock that has similarly given huge profits to investors. The same chemical company is SRF Ltd. The company declares dividends regularly to its long-term investors. Bonus shares were given once in 2021 and gave good profits. Awarded bonus shares in the ratio of 4:1. That means if one share is held in SRF equity, four shares are received free of cost. This is like getting 400 percent returns on their investment. By declaring these bonus shares, if they had invested Rs.1 lakh exactly twenty years ago, their current investment would be Rs.24.50 crores.
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SRF share price history..
Although this multibagger chemical stock seems to be down a bit now, it has given returns of 500 percent in the last 5 years. It has increased from Rs.39 to Rs.2200 in the past ten years. During this time it gave 5500 percent returns. If we look at the period of twenty years, it has reached from Rs.4.50 to Rs.2200. It is said to have given 48,400 percent returns in two decades.
Effect of bonus shares..
If Rs 1 lakh had been invested in this SRF company twenty years ago, it would have got 22,222 shares at Rs 4.50. The company announced bonus shares in 2021 with a ratio of 4:1. With this, those shares will reach 1,11,110. Currently SRF share price is Rs.2200. According to this, the then Rs.1 lakh will now become Rs.24.50 crores.
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SRF Q3 Results..
Multibagger SRF Limited released its results for the third quarter of this financial year on January 30. It announced a 23 percent growth in revenue. Due to good demand for various products of the company, the revenue has seen a huge growth.
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