Deepak Nitrite is one of the multibagger chemical stocks in 2021, but, for long-term investors, this chemical stock is a great example of how the patience of the stock market pays off to investors. This is because this stock has been giving excellent returns to its shareholders over the years. If we look at the share price history of Deepak Nitrite, it has grown by around 14,750 percent in the last 10 years.
According to the share price history of this multibagger stock, it has risen from Rs 2434 to Rs 2583 per share level in the last one month, a gain of around 6 per cent in this period.
In the last 6 months, this chemical stock price has risen from around Rs 1600 to Rs 2583 level, giving a return of around 60 percent to its shareholders.
Similarly, in year-on-year time, the share price of Deepak Nitrite has risen from Rs 987 to Rs 2583 per share level, showing an increase of nearly 160 per cent in 2021.
In the last one year, this multibagger stock has risen from Rs 720 to Rs 2583 levels and has gained almost 260 per cent during this period. On the other hand, in the last 5 years, the share price of Deepak Nitrite has increased from Rs 123 to Rs 2583 and has given a return of about 2000 percent to its shareholders.
However, in the last 10 years, the chemical stock price has increased from Rs.17.40 (Closing price on 21 October 2011 on NSE) to Rs 2583 (Closing price on 20 October 2021 on NSE) from Rs. An increase of about 14,750 percent was registered during this period.
In fact, shares of Deepak Nitrite have jumped almost 148 times its value in the last 10 years, which shows how important patience is for stock market investors.
Taking cues from the share price history of Deepak Nitrite, if an investor had invested Rs 1 lakh in this multibagger stock a month back, his Rs 1 lakh would have become Rs 1.06 lakh today.
If the investor had invested Rs 1 lakh in this chemical stock 6 months ago, then its Rs 1 lakh would have become Rs 1.60 lakh today.
If the investor had invested Rs 1 lakh in Deepak Nitrite shares a year ago, his Rs 1 lakh would have become Rs 3.60 lakh today.
Similarly, if an investor had invested Rs 1 lakh in this chemical stock 5 years ago and had invested in this counter during this period, his 1 lakh would have become Rs 21 lakh today.
Similarly, if an investor had invested Rs 1 lakh in this multibagger stock 10 years ago by buying shares of Deepak Nitrite at the level of Rs 17.40 and the investor had invested in this stock till date, then his 1 lakh rupees today 1.48 It would have been Rs.
.