Multibagger Stock Tips: This banking stock made investors rich! Your 1 lakh became 1.63 crores

Multibagger Stock Tips: If you are also planning to earn well by investing money in the stock market, then today we will tell you about such a multibagger stock, which has made 1 lakh rupees of investors 1.63 crores in a few years. The name of this stock is Axis Bank Share Price. It is a strong stock in the list of banking stocks. 20 years ago the price of this stock was Rs 4.81 in the market, whereas today the price of this stock has reached Rs 787.40. The stock has given returns of 163 times to its investors during this period.

How did the stock move in 6 months
This multibagger stock has given returns of around 25 per cent in the last 6 months. The price of this stock increased from Rs 635 to Rs 787 per share on NSE 6 months ago. In today’s trading, this stock is up by 0.31 percent at Rs 789.55 per share. At the same time, the high of this stock is Rs 794.60 per share.

140 percent return given in Corona period
In a span of one year, this banking stock has reached the level of ₹ 468 to ₹ 787.4. During this period, this stock has seen an increase of about 70 percent. However, after the first wave of Kovid-19 in 2020, the stock of Axis Bank touched its lowest level of Rs 325 in April 2020. At the same time, if we look from this period, then this stock has given a return of about 140 percent to its investors in the last one and a half years.

250% return given in last 10 years
Apart from this, if we talk about the last 5 years, the stock has given a return of about 51 percent to its investors. Similarly, in the last 10 years, this stock has registered a return of 250 percent.

In the year 2001, the stock price was Rs 4.81 per share.
If you look at the history of the last 20 years of this stock, then on October 12, 2001, this stock closed at Rs 4.81 per share on NSE and on October 11, 2021, the company’s stock closed at Rs 787.40 per share. During this period, this stock has given a return of 163 percent to its investors.

1 lakh becomes 1.25 lakh in 6 months
If an investor had invested Rs 1 lakh in this multibagger stock 6 months ago, then today his Rs 1 lakh would have turned into Rs 1.25 lakh. At the same time, if you had invested 1 lakh rupees in this stock 1 year ago, then your 1 lakh would have become 1.70 lakh rupees.

What is the return given in 10 years?
At the same time, if you had invested 1 lakh rupees in this stock 5 years ago, then your 1 lakh would have become 1.51 lakh. Let us tell you that this stock was badly affected in the year 2020 due to Corona epidemic. Similarly, if you had invested 1 lakh in this stock 10 years ago, then your 1 lakh would have become 3.50 lakh today.

In this way 1 lakh would become 1.63 crore
Similarly, if the investor had invested ₹1 lakh in Axis Bank shares 20 years ago and had invested in this banking stock till date, his ₹1 lakh would have become ₹1.63 crore today.

Disclaimer: The information provided here is being given 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. It is never advised to invest any money from ABPLive.com here.

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