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In 20 years, this stock made Rs 1 lakh 8 crores, know about this stock

Multibagger Stocks: Patience is one of the important qualities that a stock market investor should have, as money in the stock market is not in buying and selling but in waiting. Hence, investors who follow the ‘buy, hold and forget’ strategy have a better chance of making good money from the stock market.

The shares of Atul Limited are a vivid example of this. The share price of Integrated Chemical Company increased from Rs.11.30 per share (NSE closing price on 13 September 2001) to Rs 9,250 per equity share (NSE closing price on 9 September 2021). That is, this stock has increased about 818 times in a period of about 20 years. Investors who retained their investments during this period became millionaires.

Share Price History of Atul Limited

  • In the last one month, the share price of Atul has increased from Rs.05 per equity share level to Rs.9250. A growth of 4.35 percent was registered during this period.
  • In the last 6 months, this chemical stock price increased from Rs.05 per stock level to Rs.9250 – registering a growth of 36.35 percent over the period.
  • Similarly, the stock of Atul has gained 47 per cent in the last one year, while the share price of Atul has reached close to 325 per cent in the last five years.
  • The share price has increased 818 times from ₹30 per share level to ₹9250 per share in the last twenty years.

Such investors benefit

  • The share price history of Atul Limited can also be understood in such a way that if an investor had invested Rs 1 lakh in this chemical stock a month ago, then his Rs 1 lakh would have become Rs 04 lakh today.
  • If the investor had invested Rs 1 lakh in this stock 6 months ago, then his Rs 1 lakh would have become Rs 1.36 lakh today.
  • If an investor had invested Rs 1 lakh in the shares of Atul a year ago, his Rs 1 lakh would have become Rs 1.47 lakh today.

This is how 8.18 crores became 1 lakh
However, if an investor had invested Rs 1 lakh in the shares of Atul 20 years ago and maintained the investment during this period, he would have been a millionaire today as his Rs 1 lakh would have become Rs 8.18 crore.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

Read also:

Multibagger Stock Tips: If you had invested Rs 1 lakh in this stock in September last year, you would have got Rs 9.94 lakh today

Multibagger Stock Tips: This multibagger stock showed more than 300% rise in 2021, made shareholders rich

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who is professional full time tech, travel and coding enthusiast with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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