21 Oct , 2021 By : Kanchan Joshi
Multibagger stock: Deepak Nitrite is one of the multibagger chemical stocks in 2021. But, for long-term investors, this chemical stock is a glaring example of how patience pays to a stock market investor as this scrip has been giving stellar return to its shareholders for years. If we look at Deepak Nitrite share price history, it has surged around 14,750 per cent in last 10 years.
Deepak Nitrite share price history
As per the share price history of this multibagger stock, it has surged from Rs2434 to Rs2583 per share levels in last one month, rising to the tune of near 6 per cent in this period. In last 6 months, this chemical stock price has gone up from around Rs1600 to Rs2583 levels, yielding near 60 per cent return to its shareholders. Similarly, in year-to-date time, Deepak Nitrite share price has risen from Rs987 to Rs2583 per share levels, logging around 160 per cent raise in 2021.
In last one year, this multibagger stock has shot up from near Rs720 to Rs2583 levels — rising to the tune of around 260 per cent in this period. In last 5 years, Deepak Nitrite share price has surged from Rs123 to Rs2583 — logging around 2000 per cent return for its shareholders. However, in last 10 years, the chemical stock price went up from Rs17.40 (close price on 21st October 2011 on NSE) to Rs2583 (close price on 20th October 2021 on NSE) — registering around 14,750 per cent rise in this period. In fact, Deepak Nitrite shares shot up around 148 times of its price in the last 10 years, which reflects how much important patience is for stock market investors.
Impact on investment
Taking cue from Deepak Nitrite share price history, if an investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have turned to Rs1.06 lakh today. If the investor had invested Rs1 lakh in this chemical stock 6 months ago, its Rs1 lakh would have become Rs1.60 lakh today. If the investor had invested Rs1 lakh in Deepak Nitrite shares one year ago, its Rs1 lakh would have turned to Rs3.60 lakh today. Similarly, if an investor had invested Rs1 lakh in this chemical stock 5 years ago and had remained invested in this counter throughout this period, its Rs1 lakh would have turned to Rs21 lakh today.
Likewise, if an investor had invested Rs1 lakh in this multibagger stock 10 years ago buying Deepak Nitrite shares at Rs17.40 levels, and the investor had remained invested in this stock till date, its Rs1 lakh would have turned to Rs1.48 crore today.
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