20 Aug , 2021 By : Kanchan Joshi
Multibagger stock: Year 2021 has witnessed huge rise in the number of stocks that have doubled share holders' money in one year or less than one year. According to market observers, this could happen due to sharp rebound in the markets post-first wave of Covid-19. They said that after heavy selloff in February and March 2020, NSE Nifty has more than doubled today. In this sharp rise, small-cap and mid-cap stocks played an important role as they also climbed to record high in this sharp rebound. So, those who invested in small-cap stocks in this period have been able to garner whopping multibagger returns. Deep Industries shares are one of such small-cap stocks. The energy share shot up from Rs35.60 per stock levels to Rs129.55 mark in the last six months — delivering near 265 per cent return to its share holders.
Deep Industries share price history
In the last 5 trade sessions, Deep Industries shares shot up from 114.50 to Rs129.55 — logging near 13 per cent rise in this period. Similarly, in the last one month, Deep Industries share price went up from Rs94.75 to Rs129.55 — yielding near 36 per cent return to its share holders. However, in the last 6 months, Deep Industries share price rose from Rs35.60 per stock levels to Rs129.55 per share mark — registering around 265 per cent rise in this period.
Impact on investors' money
If an investor had invested Rs1 lakh in this stock 5 trade sessions ago, its Rs1 lakh would have become Rs1.13 lakh. Similarly, if an investor had invested RS 1 lakh in this stock one month ago, today its Rs1 lakh would have become Rs1.36 lakh. However, if an investor had invested same Rs1 lakh in the energy counter 6 months ago and had remained in the stock throughout this period, its Rs1 lakh would have become Rs3.65 lakh today.
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