01 Dec , 2021 By : Kanchan Joshi
Multibagger stock: Penny stocks are quite risky for a stock market investors as liquidity in such stocks are so low that a single trigger can lead to high change in its share price. But in the share market rebound post-Covid-19, a good number of penny stocks have delivered multibagger return to their shareholders. Gopala Polyplast Ltd shares are one such stock. In FY22, Gopala Polyplast share price has surged from Rs9.10 levels (close price on 31st March 2021 on BSE) to Rs650 (at 10:02 AM today on BSE), appreciating near 70 times in these 8 months.
Gopala Polyplast share price history
As per Gopala Polyplast share price history, this multibagger penny stock has been under profit-booking pressure in recent trade sessions. This penny stock has shed near 12 per cent in last one month whereas in last 6 months, Gopala Polyplast shares had risen from Rs27.55 to Rs650 levels, logging around 2260 per cent rise in this period.
This multibagger share price shot up from Rs9.10 apiece to Rs650 levels, appreciating to the tune of 7000 per cent from April to November 2021 period. In year-to-date time, this penny stock has surged from Rs8.26 to Rs650, logging around 7750 per cent rise in 2021.
Impact on investment
Taking cue from Gopala Polyplast share price history, if an investor had invested Rs1 lakh in this stock one month ago, its Rs1 lakh would have turned to Rs88,000 today. If an investor had invested Rs1 lakh in this multibagger penny stock 6 months ago and had remained invested in it till date, its Rs1 lakh would have become Rs23.6 lakh today.
Similarly, if an investor had invested Rs1 lakh in this multibagger stock in the beginning of this year buying one share at Rs8.26, Rs1 lakh would have turned to Rs78.50 lakh today. However, if an investor had invested Rs1 lakh in this penny stock in the beginning of FY22 buying one share at Rs9.10 levels, its Rs1 lakh would have tuned to Rs71 lakh today.
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