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Know which multibagger penny stock made Rs 1.17 crore in 16 months by investing only Rs 1 lakh

Multibagger Stocks Tips: Despite the Corona period, the stock market has been touching new heights. Many stocks have made tremendous jumps and given great returns to the investors. But there have been some penny stocks in this uptrend that have given investors multibagger earnings. Simplex Papers has proved to be one such multibagger stock. Which has given much higher returns to investors in 2021 than the benchmark index.

The share price of Simplex Papers has increased from Rs 0.54 (54 paise) to Rs 63.20 per share in a period of about one and a half years. In this one and a half year, this stock has increased by about 117 times. The stock of Simplex Papers has been keeping the upper circuit of 5 percent continuously for the five trading sessions.

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This stock has given a return of 21.50 percent in the last 5 trading sessions. At the same time, in a month, this multibagger stock has seen a rise from Rs 23.40 to Rs 63.20. During this, Simplex Papers has given a return of 170 percent. In 6 months, this stock has increased from the level of Rs 2.87 to Rs 63.20. During this, the stock has gained up to 2100 percent.

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In the last 18 months, this multibagger stock has increased from Rs 0.54 to Rs 63.20. The stock has given a return of around 11,600 per cent during this period. If an investor had invested Rs 1 lakh in this stock 16 months ago at a price of Rs 0.54, then today his Rs 1 lakh would have become Rs 1.17 crore. On the other hand, if Nifty has given a return of only 55 percent in this period, while this multibagger penny stock has given a return of 10,500 percent in 18 months.

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.)

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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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