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Monday, October 18, 2021

Multibagger stock: This company made 1 lakh 86 lakh in 10 years, did you invest?

Multibagger stocks: Sensex has crossed 60 thousand mark. It took 8 months for the Sensex to reach the level of 50,000 to 60,000 points. In these 8 months, a total of 42 stocks in the stock market gave multibagger returns. During this period there were some stocks which gave returns of less than 100% and did not figure in the list of multibagger stocks, but they have made their investors rich by giving manifold returns in the long term. One such share is of Astral.

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Astral stock history
In the last 10 years, the price of Astral shares has increased from Rs 23.82 to Rs 2063 (During Monday’s trading day). The stock has given a return of around 8,560 per cent during this period. Astral’s shares have given a return of 4% in just the last one month and during this time its shares have increased from Rs 1982.05 to Rs 2063.

According to the share price history of this multibagger stock, Astral shares have gained 30% in the last 6 months and its shares have risen from Rs 1591.65 to Rs 2085.30. At the same time, the shares of Astral have gained 140% from the price of 850.95 in the last one year to Rs 2063. Astral shares were priced at Rs 263.73 5 years ago and have given 680 per cent returns since then. Similarly, in the last 10 years, this stock has increased 86.4 times from the price of Rs 23.82 to Rs 2063.

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impact on investment
Looking at the price of Astral shares, if an investor had invested Rs 1 lakh in this stock 10 years ago, then his 1 lakh would have increased to Rs 86.04 lakh. Similarly, if an investor had invested Rs 1 lakh in Astral shares 5 years ago, his Rs 1 lakh would have increased to Rs 7.80.

If an investor had invested 1 lakh in it 1 year ago, then his income of 1 lakh would have increased to Rs 2.40 lakh. Whereas 6 months ago, if an investment had put one lakh rupees in it, then its 1 lakh would have increased to 1.30 lakh rupees. At the same time, Rs 1 lakh invested in this stock 1 month ago would have been Rs 1.04 lakh today.

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Speaking on the outlook of this multibagger stock, stock market experts say that the stock of Astral is looking positive on the chart and it can go from Rs 2250 to Rs 2300 in a short time. This stock can be bought with a stop loss of Rs 1950.

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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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