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This multibagger stock gave investors Rs 47 lakh return on investment of Rs 1 lakh in a year

Multibagger Stock Tips: In the year 2021, NSE Nifty and BSE small-cap index trading has reached record highs. This year there has been a rapid increase in all the stocks and the money of the shareholders investing in it has multiplied. In the Indian stock market in 2021, these multibagger stocks include small-cap, mid-cap and large-cap stocks. Some SME stocks have also managed to enter the list of multibagger stocks. There are some shares in which the shareholders became rich in a very short time. Out of this, shares of Gita Renewable Energy are also included. The shares of this company have given a growth of more than 4600 percent in the last one year.

Geeta Renewable Energy stock past record
Shares of Geeta Renewable Energy had hit the 5 per cent upper circuit recently. It has risen 21.50 per cent to 260 points from Rs 214 per equity share level in the last 5 trading sessions. The share price of the company has increased by more than 175 percent in the last one month. In the beginning of August, it was Rs 93.60 per stock, which has now become around Rs 260 per stock.

Similarly, in the last 6 months, the price of this energy stock has increased from Rs 10.90 per stock to Rs 260 per stock. Its shareholders have got a return of about 2285 percent. However, in the last one year period, this stock has broken all the records. In one year, the price of this energy stock has increased from 5.50 per stock level to Rs 260 per stock level. In this way, people who invested a year ago have got about 4627 percent return.

How did investors raise money
If an investor had invested 1 lakh in the shares of Geeta Renewable Energy about 2 weeks ago, now he has got a return of about Rs 1.21 lakh. Those who invested Rs 1 lakh in the last 6 months would now get Rs 23.85 lakh. Apart from this, if the investor had invested 1 lakh in this energy stock a year ago, then today he would have got a return of Rs 47.27 lakh.

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.)

Also read: Multibagger Stock Tips: In the year 2021, these 5 stocks turned into multibagger, investors got manifold returns

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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