Multibagger Penny Stock : 190 stocks in the stock market have given multibagger returns to their investors. These stocks have doubled their shareholders’ money in just one financial year. Some penny stocks are also included in this list of multibagger stocks. The stock of Vikas Ecotec is one such multibagger penny stock. This multibagger chemical stock has given returns of around 275 per cent in the last one year. In the last two years, it has given returns of close to 650 per cent, flying like a rocket from Rs 0.69 to Rs 5.30.
Vikas Ecotec Share Price History
The stock has remained strong in the last one month. It has given returns of around 2 per cent to its investors. On an annual basis, it has increased by 75 percent to reach Rs 5.30 from Rs 3 in 2022. At the same time, penny stock has given multibagger returns to its shareholders in the last 6 months. It rose from Rs 1.86 to Rs 5.30 during this period. It has shown a growth of about 185 per cent in this period. Similarly in the last one year, this multibagger penny stock has risen from Rs 1.41 to Rs 5.30 per share level. It has seen an increase of about 275 percent in this period.
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However, in the last two years, this penny stock has risen from Rs 0.69 (closing price on 9th April 2020 on NSE) to Rs 5.30 today. In this way, this stock has seen an increase of 7.5 times in this period.
Rs 1 lakh in two years 7.5 lakh
Looking at the history of share price of Vikas Ecotech, if an investor had invested Rs 1 lakh in this multibagger penny stock a month ago, then his Rs 1 lakh would have become Rs 1.02 lakh today. If an investor had invested Rs 1 lakh in this penny stock at the beginning of the new year 2022, its Rs 1 lakh would have become Rs 1.75 lakh today. Similarly, if an investor had invested Rs 1 lakh in this chemical stock 6 months ago, his Rs 1 lakh would have become Rs 2.85 lakh today. Whereas in the last one year, Rs 1 lakh of investment would have become Rs 3.75 lakh today.
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Similarly, if an investor had invested Rs 1 lakh in this penny stock two years ago and stayed in it, his Rs 1 lakh would have become Rs 7.5 lakh today.
According to the news published in Mint, at present the market capitalization of the shares of Vikas Ecotech is around Rs 500 crore. Its 52-week high is Rs 6.90 while its 52-week low is Rs 1 per share.
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