Multibagger stock: The Indian stock market witnessed a stellar rally this year despite the global economy facing the hurdles from the Covid-19 pandemic. The record-breaking rally led to many stocks giving multibagger returns in 2021. A large number of penny stocks have also participated in the rally as many such stocks have generated impressive returns for their shareholders.
One such penny stock is Gujarat-based textile company, which is listed on both NSE and BSE. In the last 3 years, this penny textile stock has surged from ₹0.97 to ₹194 on BSE, logging around 19,900 per cent rise in this period. The multibagger stock has skyrocketed a whooping over 1,000 per cent this year (year-to-date) alone
Share price history
The share we are talking about is Digjam. As per Digjam share price history, this multibagger penny stock has risen from ₹66.60 to ₹194 apiece levels in last one month, logging around 90 per cent rise in this period. In last 3 months, this multibagger stock has surged from ₹17.27 to ₹194, appreciating to the tune of near 1000 per cent in this period. Likewise, in last one year, this penny stock has gone northward from ₹3.98 to ₹194, registering around 4800 per cent rise in this period.
Likewise, in last three years, this multibagger penny stock price has appreciated from ₹0.97 to ₹194 apiece levels, logging near 200 times in this period.
Impact on investment
Taking cue from the share price history of this multibagger penny stock, if an investor had invested ₹1 lakh in this stock one month ago, its ₹1 lakh would have turned to ₹1.90 lakh today. If an investor had invested ₹1 lakh in this stock 3 months ago, its ₹1 lakh would have turned to ₹11 lakh today. Similarly, if an investor had invested ₹1 lakh in this penny stock one year ago and had remained invested in it till date, its ₹1 lakh would have turned to ₹49 lakh.
Likewise, if an investor had invested ₹1 lakh in this stock 3 years ago and remained invested in this multibagger penny stock till date, its ₹1 lakh would have turned to ₹2 crore today.
Generating alpha return in 3 years
This multibagger penny stock is one of the alpha stocks in 22021 as well. It has beaten key benchmark indices by huge margin. In same 3 years, NSE Nifty has delivered around 57.60 per cent return whereas BSE Sensex has given around 59 per cent return to is investors.
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