Multibagger stock: Investing in a stock is like investing in a company. In investing, patience is one such quality that can make an investor rich. This is one of the most important qualities for stock investors. Warren Buffett, a global investor, has suggested that once an investor is confident about a company’s business model and its sustainability, it should be based on a ‘buy, hold and forget’ strategy. But should remain in stock for a long time. You should go through the share price history of Alkyl Amines to see how this stock investing strategy makes money. This chemical stock is one of the multibagger stocks in 2021. But it has a history of delivering great returns to its investors. This multibagger stock has grown from Rs.49 to Rs.3010 in last 8 years. Yields of about 6000 percent were seen during this period.
Share Price History of Alkyl Amines
This multibagger stock has been under selling pressure for the past six months since climbing to a life-time high in August 2021. In Year-on-Year (YTD), the share price of Alkyl Amines has declined from Rs 3800 to Rs 3010 level. During this period it declined by 20 percent. In the last 6 months this Multibagger Chemicals stock fell around Rs 4125 to Rs 3010 levels. There has been a decline of about 27 percent in this period. However, after the post-Covid rally, this multibagger stock has given a yield of 46 percent in the last one year. The share price of Alkyl Amines has increased from Rs 148.64 to Rs 3010 per share in last 5 years. It has seen an increase of about 1900 percent in this period.
Similarly, the share price of Alkyl Amines increased from Rs 49 (NSE on March 7, 2014) to Rs 3010 (Closed on March 11, 2022 on NSE) level. In this way, this stock has increased almost 61 times in about 8 years.
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Rs 1 lakh became Rs 61 lakh
If an investor had invested Rs 1 lakh in the stock of Alkyl Amines with a long term perspective, then his Rs 1 lakh would have become Rs 1.46 lakh in the last one year. If an investor had invested Rs 1 lakh in this stock 5 years ago, his Rs 1 lakh would have become a little more than Rs 20 lakh today. Similarly, if an investor had invested Rs 1 lakh in this multibagger stock 8 years ago at a price of Rs 49, then Rs 1 lakh would have become Rs 61 lakh today. Provided that he has remained invested in the stock for this entire time period.
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