Multibagger stock turns Rs1 lakh to Rs1.29-cr in 15 years

11 Jan , 2022 By : Kanchan Joshi

Multibagger stock: For stock market investors, there is no short cut to become rich except following the 'buy, hold and forget' strategy. Market magnet Warren Buffett had once said that if an investor can't hold a stock for 10 years, he should not think of holding a stock even for 10 minutes. So, it's time for positional investors to understand that money is not in buy and sell of stocks but in hold.

Balaji Amines shares are glaring example of it. This multibagger chemical stock has risen from Rs28.42 (close price on NSE on 5th April 2007) to Rs3672.95 (close price on NSE on 10th January 2022), appreciating to the tune of near 12,800 per cent in these 15 years.

Balaji Amines share price history

In last one month, this multibagger stock has shot up from around Rs3220 to Rs3673, logging near 14 per cent rise in this period. In last 6 months, Balaji Amines share price has jumped from around Rs2900 to Rs3673, appreciating to the tune of near 27 per cent in this period. In last one year, this chemical stock price has shot up from around Rs1163 to Rs3673, registering to the tune of around 215 per cent in this time horizon. Likewise in last 5 years, this multibagger stock has raised from near Rs345 to Rs3673 apiece levels, jumping around 970 per cent in this time.

Similarly, in last near 15 years, this multibagger stock has risen from Rs28.42 to Rs3673 apiece levels, logging near 1.29 times rise in this period.

Impact on investment

Taking cue from Balaji Amines share price history, if an investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have turned to Rs1.14 lakh today. If an investor had invested Rs1 lakh in this multibagger chemical stock 6 months ago, its Rs1 lakh would have turned to Rs1.27 lakh whereas in last one year, it would have turned to Rs3.15 lakh today.

Likewise, if an investor had invested Rs1 lakh in this multibagger stock 5 years ago and had remained invested in it till date, its Rs1 lakh would have tuned to Rs10.70 lakh today.

Similarly, if an investor had invested Rs1 lakh in this multibagger stock around 15 years ago buying one stock at Rs28.42 levels, its Rs1 lakh would have turned to around Rs1.29 crore today provided the investor had remained invested in this stock throughout this period.