Multibagger stock: Penny stock turns Rs1 lakh to Rs78 lakh in 5 years

05 Mar , 2022 By : Kanchan Joshi

Multibagger stock: Despite reeling under the heat of Covid-19 pandemic, Indian stock market delivered stellar return to its shareholders in 2020 and 2021. This could become possible because the secondary market witnessed participatory rally while rebounding from its lows. As a result, a good number of stocks entered the list of multibagger stocks in India that included small-cap, mid-cap, large-cap as well as penny stocks.

Sindhu Trade Links shares are one of them. In last one year, this BSE-listed stock has surged more than 1750 per cent. But, this is not a single year when this multibagger penny stock has delivered stellar return. It has a history of generating alpha return. In last 5 years, Sindhu Trade Links share price has risen from rs1.69 to rs132.10 levels, appreciating to the tune of near 7700 per cent.

Sindhu Trade Links share price history

In last one month, Sindhu Trade Links share price has surged from rs121.50 to rs132.10 apiece levels, logging near 10 per cent rise in this period. In last 6 months, it has shot up from 14.87 to rs132.10 levels, clocking around 800 per cent rise in this time. In last one year, this multibagger penny stock has ascended from rs7.11 to rs132.10 levels, logging around 1750 per cent appreciation in this period.

Likewise, this multibagger stock has surged from rs1.69 (close price on BSE on 17th February 2017) to rs132.10 (close price on BSE on 4th March 2022), surging around 78 times in these 5 years.

Impact on investment

Taking cue from Sindhu Trade Links 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 today whereas it would have turned to rs9 lakh in 6 months. If an investor had invested rs1 lakh in this multibagger penny stock one year ago, its rs1 lakh would have turned to rs18.50 lakh today.

Similarly, if an investor had invested rs1 lakh in this stock around 5 years ago buying one share at rs1.69 apiece, then its rs1 lakh would have turned to rs78 lakh today provided the investor had remained invested in the multibagger stock throughout this period.

Current market capital of Sindhu Trade Links shares is rs6,789 crore and its book value per share is 13.23. Current volume of the multibagger stock is 4,04,464, which is much higher from its 20 days trade volume of 1,85,007.