Multibagger inventory: “Be fearful when others are grasping, and grasping when others are fearful,” this well-known Warren Buffett quote holds nicely for these inventory market buyers who made investments within the bleeding inventory market after the primary wave of Covid-19 pandemic. After the rebound in fairness market post-Covid, a handful of shares have delivered multibagger return to its buyers. Gita Renewable Vitality shares are one in all them. This BSE listed vitality inventory has risen from ₹5.52 to ₹233.50 per share ranges in final one 12 months — logging round 4130 per cent bounce on this interval.
Gita Renewable Vitality share value historical past
As per the share value historical past of this multibagger inventory, this inventory has hit 5 per cent higher circuit in all 5 classes final week, yielding 21.50 per cent rise on this interval. The multibagger inventory of 2021 has risen from ₹88.20 to ₹233.50 in final one month, logging round 165 per cent rise on this interval. Equally, in final 6 months, this vitality inventory has surged from ₹29.40 to ₹233.50 apiece ranges — delivering close to 695 per cent return to its shareholders. Likewise in year-to-date time, this multibagger inventory has risen from ₹7.36 to ₹233.50 — logging round 3230 per cent rise in 2021.
This multibagger inventory had closed at ₹5.52 per share on thirteenth October 2020 on BSE whereas it closed at ₹233.50 on 14th October 2021 on BSE — rising to the tune of close to 42 occasions or 4130 per cent in final one 12 months.
Influence on funding
Taking cue from Gita Renewable Vitality share value historical past, if an investor had invested ₹1 lakh on this multibagger inventory one week in the past, its ₹1 lakh would have turned to ₹1.21 lakh right this moment. If the investor had invested ₹1 lakh on this inventory one month in the past, its ₹1 lakh would have turned to ₹2.65 lakh right this moment. Equally, if the investor had invested ₹1 lakh on this counter 6 months in the past and had remained invested on this counter until date, its ₹1 lakh would have change into ₹7.95 lakh right this moment.
Likewise, if the investor had invested ₹1 lakh on this multibagger inventory pone 12 months in the past shopping for Gita Renewable Vitality shares at ₹5.52 apiece, and the investor had remained invested on this inventory all through this era, its ₹1 lakh would have turned to ₹42.30 lakh right this moment.
Supply: Live Mint