Multibagger inventory: Investing in penny shares is dangerous as small set off results in big volatility within the inventory on account of its low float nature. Nonetheless, if we go by ace buyers’ views, investing in shares is like investing in enterprise and it would not matter whether or not the enterprise is small or massive. What issues most is its skill to maintain profitability with its enterprise mannequin. Utilizing this inventory market funding tip, excessive threat merchants could make whopping cash from their investments. Tata Teleservices (Maharashtra) Restricted or TTML shares are evident instance of it.
This multibagger inventory has risen from ₹2.50 to ₹126 apiece ranges in final two years, clocking round 4900 per cent rise on this time.
TTML share worth historical past
In Tata group inventory has been underneath consolidation section after ushering in new 12 months 2022. In final one month, this telecom inventory has stumbled from round ₹195 to ₹126 per share ranges, logging close to 35 per cent dip on this interval. In year-to-date time, TTML share worth has slumped from round ₹215 to ₹126, descending round 45 per cent on this interval. Nonetheless, in final 6 months, this multibagger penny inventory has surged from ₹67 to ₹126 ranges, appreciating to the tune of close to 80 per cent on this interval. Likewise in final one 12 months, TTML share worth has shot up from ₹12.75 to ₹126 ranges, logging close to 850 per cetn rise on this interval.
Equally, TTML share worth has surged from ₹2.50 (shut worth on thirtieth April 2020 on NSE) to ₹126 (shut worth on 4th could 2022), ascending round 50 occasions on this close to two years time.
Influence on funding
Tacking cue from TTML share worth historical past, if an investor had invested ₹1 lakh on this multibagger inventory one month in the past, its ₹1 lakh would have turned to ₹65,000 at present. If an investor had invested ₹1 lakh on this multibagger penny inventory 6 months in the past, its ₹1 lakh would have turned to ₹1.80 lakh at present. Likewise, if an investor had invested ₹1 lakh on this Tata group inventory one 12 months in the past, its ₹1 lakh would have turned to ₹9.50 lakh at present.
Equally, if an investor had invested ₹1 lakh on this penny inventory two years in the past shopping for one share at ₹2.50 apiece, and had remained invested within the counter all through this era, its ₹1 lakh would have turned to ₹50 lakh at present.
Present market quantity of TTML shares is 28,80,468 whereas its final 20 days common commerce quantity is 73,59,316. present market capitalization of TTML shares is ₹23,947 crore whereas its 52-week low is ₹12.30 per share.
Supply: Live Mint