05 Aug , 2022 By : Kanchan Joshi
Multibagger stock: Despite global economy reeling under the heat of pandemic and slowdown concerns, Indian stock market has produced a good number of multibagger stocks in recent years. Deepak Nitrite shares are one such stock. The multibagger chemical stock has been under sell-off heat in last one year but despite such consolidation, Deepak Nitrite shares have delivered stellar return to its positional investors.
In last 10 years, Deepak Nitrite share price has ascended from Rs16.95 to Rs2,030 apiece on NSE, delivering 11,875 per cent return to its positional investors who remained invested in the scrip throughout this period.
Deepak Nitrite share price history
As mentioned above, this chemical stock has been under sell-off heat through the year, giving zero return in last one year and in 2022. In YTD time, this multibagger stock has shed over 20 per cent whereas in last one year it has dipped around 5 per cent. However, in last 5 years, Deepak Nitrite share price has risen from around Rs145 to Rs2,030 apiece levels, delivering 1,280 per cent return to its shareholders. Similarly, in last 10 years, this multibagger chemical stock has ascended 119 times.
Impact on investment
Taking cue from Deepak Nitrite share price history, if an investor had invested Rs1 lakh in this chemical stock at the beginning of the year 2022, its Rs1 lakh would have turned to Rs80,000 whereas it would have turned to Rs95,000 in last one year. However, if an investor had invested Rs1 lakh in this multibagger stock 5 years ago, its Rs1 lakh would have turned to Rs13.80 lakh. Similarly, of an investor had invested Rs1 lakh in this stock around 10 years ago, its Rs1 lakh would have turned to Rs1.19 crore today.
Current market capital of this multibagger chemical stock is Rs27,985 crore and is trade volume in early morning deals on Friday is around 4.88 lakh. Its 52-week high is Rs3,020 whereas its 52-week low is Rs1,681.15 apiece. Its book value per share is 244.77.
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