Multibagger stock: Investing in stocks is like investing in business. According to ace investors, while venture capitalists and various other investors invest in small and medium sized companies once they are convinced about the business model and its sustained business potential, one should also do the same while investing in stocks. Once you invest in a stock, you should try to hold the counter as long as you can. This helps an investor get compounding benefit and accumulate whopping amount is small time span. GRM Overseas shares are glaring example of it. This rice milling company stock has surged from Rs3 apiece levels to Rs591.90 levels in lats 5 years, appreciating around 200 times in this period.

GRM Overseas share price history

In last one month, this multibagger stock has been under selloff heat, which is obvious as entire secondary has been under selloff heat due to negative sentiments cause by geopolitical tension. In last one month, this multibagger stock has shed 17 per cent due to weakness in global equity markets triggered by geopolitical tension. But, in last 6 months, this multibagger shares' price has surged from near Rs196 to Rs191.90 levels, logging around 200 per cent rise in period. In last one year, penny stock has risen from around Rs68 to Rs591.90 apiece levels, appreciating to the tune of around 770 per cent in this time. Similarly, in last 6 years, this multibagger penny stock has shot up from Rs3 (close price on BSE on 11th March 2016) to Rs591.90 (close price on BSE on 4th March 2022), ascending around 19,900 per cent in this period.

Rs1 lakh turns to Rs1 crore

Taking cue from GRM Overseas share price history, if an investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have turned to Rs83,000 today whereas it would turned to Rs3 lakh in 6 months. If an investor had invested Rs1 lakh in this multibagger stock one year ago, it would have turned to Rs8.70 lakh today. Similarly, if an investor had invested Rs1 lakh in this penny stock 6 years ago and had remained invested in the scrip throughout this period, it would have turned to Rs2 crore today.

GRM Overseas share price outlook

Speaking on GRM Overseas share price chart pattern; Anuj Gupta, Vice President at IIFL Securities said, "GRM Overseas shares are currently trading below 200 day moving average. It has been trading in negative to sideways trend after ascending to its life-time high of Rs935.40 apiece levels in January 2022. Those who have this stock in their portfolio are advised to hold the stock whereas those who want to take fresh position are advised to wait for some time. One should buy this stock in Rs500 to Rs510 range maintaining stop loss at Rs454 apiece levels."