image

Investing Essentials

Multibagger stock: From Rs23.82 to Rs2063. How Rs1 lakh would have fared

27 Sep , 2021   By : Kanchan Joshi


Multibagger stock: From Rs23.82 to Rs2063. How Rs1 lakh would have fared

Multibagger stock: Powered by across sectors' rally, except auto, the BSE Sensex climbed 60,000 peak on 24th September 2021. It took Sensex almost 8 months to surge 10,000 points as it had hit Rs50,000 mark on 21st January 2021. However, in these 8 months, a total number of 42 stocks have turned multibagger stocks. But, there are some other stocks too, that have given less than 100 per cent return in 2021, but in long-term, these stocks have delivered stellar return to its shareholders. Astral shares are one of them. 


Astral share price surged from Rs23.82 per share levels to Rs2063 apiece today (at 12:32 PM on NSE) in last 10 years — giving around 8560 per cent return in this period.


Astral share price history


As per this multibagger stock's share price history, it surged from 1982.05 per share levels to Rs2063 levels in last one month — logging around 4 per cent rise in this period. In last six months, Astral share price went up from Rs1591.65 per stock levels to Rs2063 — registering around 30 per cent rise in last 6 months. Likewise, in last one year, Astral share price shot up from Rs850.95 to Rs2063 per share mark — rising 140 per cent in this time horizon. In last 5 years, this multibagger stock went up from Rs263.73 to Rs2063 apiece — logging 680 per cent return in this time-frame.


Similarly, this multibagger stock has risen from 23.82 per share levels to Rs2063 per equity mark — rising around 86.4 times in this period.


Impact on investment


Taking cue from Astral share price history, if an investor had invested rs1 lakh in this stock one month ago, its Rs1 lakh would have turned to Rs1.04 lakh. If the investor had invested Rs1 lakh in this multibagger stock 6 months ago, its Rs1 lakh would have become Rs1.30 lakh today. Similarly, if the investor had invested Rs1 lakh in this stock one year ago, its Rs1 lakh would have turned to Rs2.40 lakh today. However, if an investor had invested rs1 lakh in this counter 5 years ago, and had remained invested in this stock throughout this period, its Rs1 lakh would have turned to Rs7.80 lakh today.


Likewise, if an investor had invested Rs1 lakh in this multibagger stock 10 years ago at Rs23.82 apiece and had remained invested in the counter till date, its Rs1 lakh would have turned to Rs86.40 lakh today.


Astral share price outlook


Speaking on this multibagger stock's outlook; Sumeet Bagadia, Executive Director at Choice Broking said, "Astral shares are looking positive on chart and it may go up to Rs2250 top Rs2300 apiece in short-term. One can buy this stock maintaining stop loss at Rs1950 per share levels.'

0 Comment


LEAVE A COMMENT