Rs 1 lakh became Rs 10 crore in 20 years, this stock did this amazing

Multibagger stock: Patience is one of the important qualities that gives great returns to the stock market investors in the long run. According to market experts, one should try to hold a quality stock for as long as possible. He believes that such a ‘buy, hold and forget’ strategy helps the investor to reap the benefits of compounding returns on his investments.

What long-term equity investment can pay to investors can be understood through the share of Kotak Mahindra Bank. The share price of Kotak Mahindra Bank reached around Rs 10.25 on Friday morning at around Rs 1966 from Rs 1.94 per share 20 years ago (closing price on NSE on 12 October 2001). That is, during this multibagger stock jumped 1011 times.

Kotak Mahindra Bank Share Price History

• Shares of Kotak Mahindra Bank have risen from the level of Rs 35 per share to the level of Rs 1966 in the last one month, which is an increase of about 8 percent.
• However, the stock was under selling pressure in June 2021 and hence in the last 6 months, Multibagger stock could give only 10 per cent return to its shareholders. In the last one year, the share price of Kotak Mahindra Bank increased from Rs 1320 to Rs 1966. About 50 percent returns were registered during this period.
• In last 5 years, the share price of Kotak Mahindra Bank has increased from Rs 781.75 to Rs 1966. About 150 increases in this period.
• In the last 10 years, the share price of Kotak Bank has risen from Rs 232.93 per share to Rs 1966 per share level – an increase of nearly 750 per cent.
• In the last 20 years, the share price of Kotak Mahindra Bank has increased from Rs 1.94 to Rs 1966. Nearly 1011 times increase in the last two decades.

impact on investment

• The share price history of Kotak Mahindra Bank can also be understood in this way, if an investor had invested Rs 1 lakh in the shares of Kotak Mahindra Bank a month ago, then his Rs 1 lakh would have become Rs 1.08 lakh today.
• If an investor had invested Rs 1 lakh in Kotak Mahindra Bank 3 months ago, his Rs 1 lakh would have become Rs 1.15 lakh today.
• If the investor had invested Rs 1 lakh in this multibagger stock a year ago, his Rs 1 lakh would have become Rs 1.50 lakh today.
• If an investor had invested Rs 1 lakh in the shares of Kotak Mahindra Bank 5 years ago, then his Rs 1 lakh would have become Rs 2.50 lakh today.
• If the investor had invested Rs 1 lakh in this multibagger stock 10 years ago, then his Rs 1 lakh would have become Rs 8.50 lakh today.
• If an investor had invested Rs 1 lakh in this multibagger stock 20 years ago, then his Rs 1 lakh would have become Rs 10.11 crore today.

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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