Multibagger stock: Investing in penny stocks is risky especially when investing for a long period of time as low liquidity over the counter leads to high volatility on a single trigger. However, many veteran investors believe that investing in stocks is like investing in a business. As long as the company’s business model and profitability look sustainable, one should invest in stocks. It can give good returns in long term. The GRM Overseas share is the latest example of this. The share price of this small-cap rice milling company has increased from ₹1.93 to ₹782.40 over the last 10 years, an increase of nearly 40,450 percent over the same period.
Share Price History of GRM Overseas
- In the past one month, this multibagger penny stock has risen from around ₹505 to ₹782 levels, which is a gain of 55 percent.
- This multibagger stock has risen from around ₹156 to ₹782 in the last 6 months, a growth of nearly 400 percent in this period.
- In the past one year, this multibagger penny stock has risen from Rs 34.44 to Rs 782.40, a gain of almost 2200 per cent in this period.
- Over the last 5 years, this multibagger penny stock has risen from ₹4.49 to ₹782.40, an increase of nearly 17,325 percent over the same period.
- Similarly, this Multibagger Penny stock has increased from ₹1.93 (Closing Price on 10 Jan 2012) to ₹782.40 (Closing Price on Jan 14, 2022), registering an increase of nearly 405 times in this period of almost a decade.
impact on investors
- The share price history of GRM Overseas can also be understood in such a way that if an investor had invested ₹ 1 lakh in this multibagger penny stock a month ago, his ₹ 1 lakh would have become ₹ 1.55 lakh today.
- If an investor had invested ₹1 lakh in this rice milling penny stock 6 months back, his ₹1 lakh would have become ₹5 lakh today.
- A year ago if an investor had invested ₹ 1 lakh, it would have become ₹ 23 lakh today.
- Similarly, if an investor had invested ₹ 1 lakh in this stock 5 years ago, his ₹ 1 lakh would have become ₹ 1.74 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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