04 Dec , 2021 By : Kanchan Joshi
Multibagger stocks: Despite the economy being under stress due to Covid-19, the stock market has given stellar returns to the investors in last one and half year. In this period, a good number of stocks have entered the list of multibagger stocks in 2021 and it includes some penny stocks as well. Suraj Industries shares are one of them. This multibagger penny stock has surged from Rs1.18 (close price on 19th August on BSE) to Rs78.15 (close price on 3rd December 2021 on BSE), appreciating around 6500 per cent in this near one year time.
Suraj Industries share price history
As per Suraj Industries share price history, the penny stock has been giving sharp upside move for the last one year. In last one month, this penny stock went up from Rs32.80 to Rs78.15 apiece, logging multibagger rise of near 140 per cent in this period. In last 6 months, this multibagger penny stock price has surged from Rs2.24 to Rs78.15 levels, appreciating to the tune of near 3400 per cent. Similarly, in year-to-date time, Suraj Industries share price has risen from Rs1.95 to Rs78.15 per share levels, rising to the tune of around 3900 per cent in this period.
Likewise, as mentioned above, the multibagger stock has risen from Rs1.18 per share levels to Rs78.15 mark — rising almost 66 times in this near one year time.
Impact on investment
Taking cue from Suraj Industries 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 Rs2.40 lakh today. If the investor had invested Rs1 lakh in this penny stock 6 months ago, its Rs1 lakh would have turned to Rs35 lakh today. If an investor had invested Rs1 lakh in this BSE listed stock at the beginning of 2021 buying Suraj Industries shares at Rs1.95 apiece, and had remained invested in this multibagger stock till date, its Rs1 lakh would have turned to Rs40 lakh today.
Similarly, if an investor had invested Rs1 lakh in this counter one year ago buying this penny stock at Rs1.18 per share levels and had remained invested till date, its Rs1 lakh would have turned to Rs66 lakh today.
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