This Multibagger Stock Earned A Profit Of Rs 55 Lakh For An Investment Of Rs 1 Lakh In Last Four Years

This Multibagger Stock Earned A Profit Of Rs 55 Lakh For An Investment Of Rs 1 Lakh In Last Four Years
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Curated By: Business Desk

Last Updated: February 12, 2024, 15:54 IST

In the year 2022, the share price of Suraj Products stood at Rs 112.

In the year 2022, the share price of Suraj Products stood at Rs 112.

Suraj Products, the multi-bagger stock, has surged from around Rs 10 to Rs 447 in the last few years, delivering around a 5,400 per cent return to its long-term investors.

For those who rely on investing heavily, it is important to consider whether the company is equipped enough to grow at a faster rate. In other words, one should not look at whether the company is small-cap, mid-cap, or large-cap while investing the money. Don’t believe us? Well, the dramatic surge in the stocks of Suraj Products shares in the last four years is a testament to how a long-term stock market investment can make someone earn multi-fold.

Suraj Products, the multi-bagger stock, has surged from around Rs 10 to Rs 447 in the last few years, delivering around a 5,400 per cent return to its long-term investors. The last month saw the Suraj Products shares increasing from Rs 425 to Rs 445 a piece level on BSE, witnessing a 4 per cent rise. Additionally, in the last six months, Suraj Products clocked a 95 per cent rise as it surged from Rs 229 to Rs 445 per share level, clocking a 95 per cent rise in this time. As far as the growth since last year is concerned, the multi-bagger stock has ascended from Rs 135 to Rs 445 with a total of nearly 230 per cent rise in this time.

In the year 2022, the share price of Suraj Products stood at Rs 112 which means that the company has logged around 300 per cent rise over the period spanning two years. Likewise, in the last three years, the share price of the company witnessed a hike of 1200 per cent as it ascended from Rs 35 to Rs 445 apiece levels. Meanwhile, a total of 5400 per cent surge in the share price of the multi-bagger stock earned its investors a whopping profit in the last four years.

Simply put, an investor who invested Rs 1 lakh in this multi-bagger stock four years ago would have earned a profit of Rs 55 lakh today. Meanwhile, the shares of Suraj Products are available for trade on BSE only. It ended with a market cap of Rs 506 crore on Friday.

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