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Textile company stock delivers 1900 percent return in 4 months. Do you own

11 Jan , 2022   By : Kanchan Joshi


Textile company stock delivers 1900 percent return in 4 months. Do you own

Multibagger stock: In the year 2021, Indian stock market delivered a good number of multibagger stocks. Though, most of these multibagger stocks in India were beneficiary of the post-Covid selloff rebound, some of them were completely on their strong business model and other fundamentals. Digjam shares are one of such multibagger stocks in Indian markets. The stock has risen from Rs17.25 (close price on NSE on 18th October 2021) to Rs345.05 (today on NSE after hitting 5 per cent upper circuit) apiece levels, logging around 20 times rise in last 4 months.


Digjam share price history


The multibagger textile stock has hit 5 per cent upper circuit on all trade sessions in New Year 2021, logging around 35 per cent rise in 7 trade sessions this year. In last one month, this multibagger stock has surged from around Rs124 to Rs345 apiece levels, appreciating to the tune of around 175 per cent in this period. Similarly, in last two months, this textile stock has shot up from Rs47 to Rs345 levels, rising around 635 per cent in this small period.


Likewise, in last 4 months, this multibagger stock has appreciated from Rs17.25 to Rs345 apiece levels, logging near 1900 per cent rise in this time horizon.


Impact on investment


Tacking cue from Digjam share price history, if an investor had invested Rs1 lakh in this multibagger stock at the end of 2021 buying one share at Rs245.35 apiece (close price on 31st December 2021), its Rs1 lakh would have turned to Rs1.35 lakh today whereas in last 2 months, this would have turned to Rs2.75 lakh today. Similarly, in last 4 months, this multibagger textile stock would have turned rs1 lakh into Rs20 lakh of its shareholders.


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