Multibagger fintech stock surges 5 times of issue price in two years

12 Jun , 2022 By : Kanchan Joshi

Multibagger stock: In post-Covid rebound, Indian stock market not just produced a good number of multibagger stocks but a good number of multibagger IPOs (Initial Public Offers) as well. Angel One IPO is one of them. The public issue of this fintech company was launched in September 2020 at a price band of Rs305 to Rs306 per equity share. Angel One share price today is around Rs1460 that means the fintech stock has surged around 5 times from its issue price in around two years of listing.

Angel One share price history

Angel One shares had a discounted listing on BSE and NSE on 5th October 2020. The multibagger fintech stock opened at Rs275 on BSE and NSE, around 10 per cent lower from its upper price band of Rs306 per share. The multibagger further went down on the listing date and made a low of Rs256 on BSE and Rs257 on NSE. However, it recovered from its lows and ended at Rs275.85 on BSE and at Rs275.80 on NSE.

In last one month, this multibagger fintech stock has surged from Rs1335 to Rs1460, logging near 10 per cent rise in this period. In YTD time, Angel One share price has appreciated from around Rs1215 to Rs1460 levels, logging around 20 per cent rise in 2022. In last six months, this multibagger stock has ascended from Rs1125 to Rs1460 levels, clocking 30 per cent rise in this time horizon.

Similarly, since listing of Angel One shares, the multibagger fintech stock has surged from Rs257 levels (listing price) to Rs1460, logging to the tune of 470 per cent rise in near two years.

Multibagger stock turns Rs1 lakh to Rs5.70 lakh in two years

Taking cue from Angel One share price history, if an investor had invested Rs1 lakh in this fintech stock one month ago, its Rs1 lakh would have turned to Rs1.10 lakh today. Similarly, if an investor had invested Rs1 lakh in this multibagger fintech stock at the beginning of new year 2022, its Rs1 lakh would have turned to Rs1.20 lakh in YTD time. If an investor had invested Rs1 lakh in this fintech stock 6 months ago, its Rs1 lakh would have tuned to Rs1.30 lakh today.

Similarly, if an investor had invested Rs1 lakh in this multibagger stock on the listing date, its Rs1 lakh would have turned to Rs5.70 lakh today.