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10,000 invested in this multibagger stock made investors millionaires in 20 years, what do you have

Patience has been considered a great virtue for stock market investors. According to stock market experts, money is not made just by buying and selling, but by staying invested with patience, money is made. Buying a quality stock and staying in it for a long time with restraint makes money. Long term investment not only reduces your risk but also increases your profit.

Eicher Motors is the best example of this buy, hold and forget strategy. In the last 20 years, the share price of Eicher Motors has increased from Rs 2.43 to Rs 2712. In two decades, this stock has seen an increase of 1116 times.

Eicher Motors share price history

In the last 6 months, the stock of Eicher Motors has increased from Rs 2447.25 to Rs 2712 with a gain of about 11 per cent. At the same time, this auto stock has run up about 24 percent in the last one year.

In the last 1 year, this share has increased from Rs 2192.85 to Rs 2712 per share. It has given multibagger returns of around 115 per cent in the last one and a half years. From April 2020 till now, this share has increased from Rs 1268 to Rs 2712. In the last 10 years, this stock has increased from Rs 174 to Rs 2712. It has jumped 15.60 times in this period.

Similarly, in the last 20 years, this stock has increased from Rs 2.43 to Rs 2712. This stock has seen an increase of 1116 times during this period.

Now if we look at the journey of this stock, then Rs 10,000 invested 6 months ago would have become Rs 11100 today. On the other hand, if someone had invested Rs 10,000 in this stock 1 year ago, it would have been Rs 12,400 today. Similarly, if an investor had invested Rs 10,000 in the beginning of April 2020, then this Rs 10,000 would have become Rs 21,500 today. Similarly, if someone had invested Rs 10,000 in this stock 10 years ago, today that Rs 10,000 would have become Rs 1.56 lakh. On the other hand, if someone had invested Rs 10,000 in this stock 20 years ago and he had stayed in it till now, then this Rs 10,000 would have become Rs 1.116 crore today.

What should be the investment strategy in this stock

Stock market veterans still have buying advice in this stock. Sumeet Bagadiya of Choice Broking says that this stock has given a new fresh breakout on closing basis at Rs 2712 level and soon this stock can touch the level of Rs 2900 to 3000 in short term. At the current level also this stock can be bought with a stop loss of Rs 2600.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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