Multibagger inventory: Penny shares are fairly dangerous for a inventory market traders as liquidity in such shares are so low {that a} single set off can result in excessive change in its share value. However within the share market rebound post-Covid-19, a superb variety of penny shares have delivered multibagger return to their shareholders. Gopala Polyplast Ltd shares are one such inventory. In FY22, Gopala Polyplast share value has surged from ₹9.10 ranges (shut value on thirty first March 2021 on BSE) to ₹650 (at 10:02 AM as we speak on BSE), appreciating close to 70 occasions in these 8 months.
Gopala Polyplast share value historical past
As per Gopala Polyplast share value historical past, this multibagger penny inventory has been underneath profit-booking stress in latest commerce classes. This penny inventory has shed close to 12 per cent in final one month whereas in final 6 months, Gopala Polyplast shares had risen from ₹27.55 to ₹650 ranges, logging round 2260 per cent rise on this interval.
This multibagger share value shot up from ₹9.10 apiece to ₹650 ranges, appreciating to the tune of 7000 per cent from April to November 2021 interval. In year-to-date time, this penny inventory has surged from ₹8.26 to ₹650, logging round 7750 per cent rise in 2021.
Affect on funding
Taking cue from Gopala Polyplast share value historical past, if an investor had invested ₹1 lakh on this inventory one month in the past, its ₹1 lakh would have turned to ₹88,000 as we speak. If an investor had invested ₹1 lakh on this multibagger penny inventory 6 months in the past and had remained invested in it until date, its ₹1 lakh would have grow to be ₹23.6 lakh as we speak.
Equally, if an investor had invested ₹1 lakh on this multibagger inventory to start with of this yr shopping for one share at ₹8.26, ₹1 lakh would have turned to ₹78.50 lakh as we speak. Nonetheless, if an investor had invested ₹1 lakh on this penny inventory to start with of FY22 shopping for one share at ₹9.10 ranges, its ₹1 lakh would have tuned to ₹71 lakh as we speak.
Supply: Live Mint