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This Multibagger stock turns Rs1 lakh to Rs1.2 crore in 19 years

09 Aug , 2022   By : Kanchan Joshi


This Multibagger stock turns Rs1 lakh to Rs1.2 crore in 19 years

Multibagger stock: Investing in stocks is like investing in business. Hence, it is advisable to remain invested in a stock as long as one can because the real money is not in buying and selling of stocks but in wait. Sometimes, preferring to a business ahead of the market movement is better. If we are convinced about a stock and have a strong conviction about its business model, then it would be very foolish for us to not take action on that. This rule works for all stocks including penny stocks.


To know how long term investment pays to a stock market investor, one need to look at the history of Radico Khaitan shares. Despite being under sell-off heat for last one year, this brewery stock is one of the multibagger stocks that Indian stock market has produced in recent years. However, around 19 years ago, it was one of the penny stocks available at around Rs7.60 apiece levels. Radico Khaitan share price today is around Rs919. This means, in last 19 years, this multibagger brewery stock has surged from around Rs7.6 to Rs919, delivering 120 times rise in investors' money in this period.


Radico Khaitan share price history


As mentioned above, this brewery stock has been under sell-off heat for last one year. In last one year, it has risen from Rs855 to Rs919, logging near 8 per cent rise in this period. In last 5 years, it has surged from near Rs140 to Rs919 apiece levels, clocking to the tune of 560 per cent rise in this period. Similarly, in last 19 years, this share has risen from around Rs7.60 to Rs919, delivering around 11,990 per cent return to its investors.


Impact on investment


If an investor had invested Rs1 lakh in this multibagger stock one year ago, its Rs1 lakh would have turned to Rs1.08 lakh today whereas it would have turned to Rs6.60 lakh in last 5 years. Similarly, if an investor had invested Rs1 lakh in this stock around 19 years ago buying one stock at Rs7.60 per share, its Rs1 lakh would have turned to Rs1.20 crore today. Provided the had remained invested in the scrip throughout the time period mentioned above.


Current market cap of Radico Khaitan shares is Rs12,280 crore and its PE is 46.64. Its 52-week high is Rs1,294 on NSE whereas its 52-week low on NSE is Rs723.20 apiece levels. It ended with a market volume of 1,36,790 on Monday session.


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