Multibagger stock: While finding out a value pick for stock market investment, an investor needs to understand that every stock is a piece of underlying business of the company. Hence, to know the stock, one needs to know the value of underlying business of that company. However, the job doesn't end here only. Finding a value pick is not enough as money is not just in buying and selling but in wait. One should develop the art of holding a stock as long as it can. Then only one can maximise one's gains. A glaring example of how patience rewards stock market investors is Balaji Amines share. The chemical stock surged from Rs34.60 per equity share levels (its close price at NSE on 23rd September 2011) to Rs4,746.90 apiece (its close price at NSE on 17th September 2011) — rising around 137 times in this period.

Balaji Amines share price history

Balaji Amines shares are one of the 23 multibagger stocks in 2021 in the chemical sector. Last week, Balaji Amines share price shot up from Rs4420.40 to Rs4746.90 apiece — logging around 7.50 per cent rise while in the last one month, this chemical stock went up from Rs3319 per equity share levels to Rs4746.90 levels — logging around 43 per cent rise in this period. Likewise, in the last 6 months, Balaji Amines shares went up from Rs1691.80 apiece to Rs4746.90 per stock levels — rising to the tune of 180 per cent. However, in last one year, Balaji Amines share price has surged around 470 per cent as the stock price rose from Rs835.80 to Rs4746.90 levels in this period. If we look at last 5 years performance of this chemical stock, it has risen from Rs313.30 apiece to Rs4746.90 levels — logging around 1415 per cent rise in this period. Likewise, the stock has registered 137 times growth in last 10 years after rising from Rs34.60 to Rs4746.90 per equity share levels.

Impact on investment

Taking cue from Balaji Amines share price history, if an investor had invested Rs1 lakh in this chemical counter one week ago, its Rs1 lakh would have become Rs1.075 lakh today. If the investor had invested Rs1 lakh in this multibagger stock one month ago, then Rs1 lakh would have turned to Rs1.43 lakh today. However, if an investor had invested Rs1 lakh in this counter 6 months ago, its Rs1 lakh would have turned to Rs2.80 lakh today. Similarly, if an investor had invested Rs1 lakh in Balaji Amines shares one year ago and had remained invested in this counter till date, its Rs1 lakh would have become Rs5.70 lakh today. However, an investor's Rs1 lakh would have grown up to Rs15.15 lakh if the investment had been done 5 years ago.

Likewise, if an investor had invested Rs1 lakh 10 years ago, then its Rs1 lakh would have turned to rs1.37 crore today.