Penny stock turns multibagger. Delivers 650 percent return in 2 years

04 Apr , 2022 By : Kanchan Joshi

Multibagger penny stock: In strong rebound post-Covid selloff, it rained multibaggers in FY22 as around 190 stocks have doubled its shareholders' money in single financial year. In this list of multibagger stocks, there are some penny stocks too. Vikas Ecotech shares are of those multibagger penny stocks. This multibagger chemical stock has given around 275 per cent return in last one year whereas in last two years, it has given near 650 per cent return after surging from Rs0.69 to Rs5.30 apiece levels.

Vikas Ecotech share price history

In last one month, the stock has remained under consolidation and delivered around 2 per cent return to its investors. In year-to-date (YTD) time, this penny stock has surged from Rs3 to Rs5.30 levels, ascending to the tune of 75 per cent in 2022. In last 6 months, penny stock has given multibagger return to its shareholders as it surged from 1.86 to Rs5.30 levels in this period, logging near 185 per cent rise in this period. Likewise in last one year, this multibagger penny stock has shot up from Rs1.41 to Rs5.30 per share levels, clocking around 275 per cent rise in this period.

However, in last two nears, this penny stock has surged from Rs0.69 (close price on 9th April 2020 on NSE) to Rs5.30 levels today, logging near 7.5 times rise in this period.

Rs1 lakh turns to Rs7.5 lakh in two years

Taking cue from Vikas Ecotech 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 Rs1.02 lakh today. If the investor had invested Rs1 lakh in this penny stock at the beginning of new year 2022, its Rs1 lakh would have turned to Rs1.75 lakh today. If an investor had invested Rs1 lakh in this chemical stock 6 months ago, its Rs1 lakh would have turned to Rs2.85 lakh today whereas in last one year, it would have turned to Rs3.75 lakh today.

Similarly, if an investor had invested Rs1 lakh in this penny stock two years ago and had remained invested in the scrip throughout this period, its Rs1 lakh would have turned to Rs7.5 lakh today.

Currently, market capital of Vikas Ecotech shares is around Rs500 crore and its book value per share is 2.45. Its current trade volume is 2,16,86,068, which is almost double of its 20 days average volume of 1,01,52,967. Its 52-week high on NSE is Rs6.90 apiece whereas its 52-week low is Rs1 per share.