Multibagger penny stock turns Rs1 lakh to Rs4-cr in 10 years

15 Jan , 2022 By : Kanchan Joshi

Multibagger stock: Investing in penny stocks is risky, especially when it comes to remain invested for long-term because lower liquidity in the counter leads to high volatility on a single trigger. However, if we go by ace investors’ views, investing in a stock is like investing in a business. As long as the business model and profitability of the company looks sustainable, one should remain invested in the stock. It may give whopping return in long term. GRM Overseas shares are one of the recent examples of it. The small-cap rice milling company stock price shot up from Rs1.93 to Rs782.40 in last 10 years, logging around 40,450 per cent rise in this period.

GRM Overseas share price history

In last one month, this multibagger penny stock has risen from around Rs505 to Rs782 levels, appreciating to the tune of 55 per cent. In last 6 months, this multibagger stock for 2022 has surged from around Rs156 to Rs782, rising around 400 per cent in this period. In last one year, this multibagger penny stock for 2022 has shot up from Rs34.44 to Rs782.40, rising around 2200 per cent in this period. Similarly, in last 5 years, this multibagger penny stock has skyrocketed from Rs4.49 to Rs782.40 levels, logging near 17,325 per cent rise in this period.

Likewise, this multibagger penny stock has shot up from Rs1.93 (close price on 10th January 2012) to Rs782.40 (close price on 14th January 2022), logging around 405 times rise in this period of near one decade.

Impact on investors

Taking cue from GRM Overseas share price history, if an investor had invested Rs1 lakh in this multibagger penny stock one month ago, its Rs1 lakh would have turned to rs1.55 lakh today. If an investor had invested Rs1 lakh in this rice milling penny stock 6 months ago, its Rs1 lakh would have turned to Rs5 lakh today whereas it would have turned to rs23 lakh in last one year.

Similarly, if an investor had invested Rs1 lakh in this stock 5 years ago and had remained invested in it till date, its Rs1 lakh would have turned to Rs1.74 crore today.

Likewise, if an investor had invested Rs1 lakh in this multibagger stock 10 years ago, buying one stock at Rs1.93 levels, its Rs1 lakh would have turned to Rs4.05 crore today.