This Multibagger stock gives 1135 percent return in 2 years

17 Jun , 2022 By : Kanchan Joshi

Multibagger stock: Despite global economy reeling under under pandemic pressure, Indian stock market has produced a good number of multibagger stocks. Rama Steel Tubes shares one of the. This multibagger stock has ascended from around Rs60 to Rs378 apiece levels in last two years, delivering around 1135 per cent return to its shareholders who remained invested in the stock throughout this period.

Rama Steel Tubes share price history

In last one month, this multibagger stock has appreciated from Rs343 t o Rs378 apiece levels, logging more than 10 per cent rise in this period. In last 6 months, Rama Steel Tubes share price has surged from around Rs228 to Rs378 levels, clocking more than 65 per cent rise in this time horizon. In YTD time, Rama Steel Tubes shares have ascended from around Rs356 to Rs378, logging around 6 per cent rise in this period.

Likewise, in last one year, this multibagger stock has appreciated from around Rs94 to Rs378 apiece levels, surging to the tune of 300 per cent in this period. Similarly, Rama Steel Tubes shares have surged from around Rs30.60 (close price on 12th June 2020) to Rs378 on NSE, going northward by near 1175 per cent in this time horizon.

Impact on investment

Rama Steel Tubes share price history, if an investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have turned to Rs1.10 lakh to day. If an investor had invested Rs1 lakh in this multibagger stock 6 months ago, its Rs1 lakh would have grown to 1.65 lakh today. If an investor had invested Rs1 lakh in this stock one year ago, its Rs1 lakh would have turned to Rs4 lakh today.

Similarly, if an investor had invested Rs1 lakh in this multibagger stock two years ago, its Rs1 lakh would have turned to Rs12.35 lakh today.

This multibagger stock ended Thursday trade session with a market cap of Rs631 crore and trade volume of near 2.79 lakh. Its last 20 days average trade volume is 94,369 while its book value per share is 75.42. Last 52-week high of this multibagger stock is 454.30 whereas its 52-week low is Rs71.55 per share.