Multibagger shares: Investing in penny shares is extremely dangerous as single rigger leads excessive volatility in such shares as a result of its low float characteristic. Nonetheless, excessive threat merchants who’re effectively satisfied concerning the enterprise mannequin and sustained progress of the corporate do put money into such inventory and maintain it for medium to long run. Such technique typically assist them get alpha return on their cash with huge margin. GRM Abroad shares are one such inventory.
In final 5 years, this multibagger inventory has surged from RS 6 to ₹565, logging close to 9300 per cent rise on this interval.
GRM Abroad share worth historical past
This multibagger inventory has been underneath selloff strain since starting of recent yr. In final one month, this share has dipped close to 5 per cent whereas in YTD time, this multibagger inventory has slide from ₹655 to ₹565, logging close to 14 per cent loss in 2022. In final 6 months, this multibagger penny inventory has rise from ₹210 to ₹565, appreciating to the tune of 170 per cent. In final one yr, this multibagger inventory has shot up from round ₹125 to ₹565 apiece ranges, ascending round 345 per cent on this interval. Equally, in final 5 years, this penny inventory has surged from ₹6 apiece ranges (shut worth on BSE on seventh April 2017) to ₹565 ranges (shut worth on BSE on eighth April 2022), logging round 94 instances rise in these 5 years time.
₹1 lakh turns to ₹94 lakh in 5 years
Taking cue from GRM Abroad share worth historical past, if an investor had invested ₹1 lakh on this multibagger inventory on month in the past, its ₹1 lakh would have turned to ₹95 lakh at this time whereas it will have turned to ₹86 lakh in YTD time. Nonetheless, the multibagger inventory would have tuned ₹1 lakh to ₹2.70 lakh at this time if an investor had invested ₹1 lakh on this multibagger inventory 6 months in the past. If an investor had invested ₹1 lakh on this counter one yr in the past, its ₹1 lakh would have develop into ₹4.45 lakh at this time.
Equally, if an investor had invested ₹1 lakh on this multibagger inventory 5 years in the past, then its ₹1 lakh would have turned to ₹94 lakh at this time.
Nonetheless, it needs to be famous that the funding would admire to the talked about determine supplied the investor had remained invested within the inventory all through the interval talked about.
Present market worth of GRM Abroad shares is ₹3,390 crore and its guide worth per share is 22.55. Its commerce quantity on Friday was 30,822, which is barely larger from its 20 days common commerce quantity of 26,888. Its 52-wseek excessive is ₹935.40 per share, which is its life-time excessive as effectively. Its 562-week low is ₹113.93 per share.
Supply: Live Mint