Multibagger stock: The buy, stay and forget strategy is a big buzzword for those investing in the stock market. Positional investors should understand that buying and selling shares does not make money, but buying good stocks and staying patient in it is a big mantra to make money.
The stock of Balaji Amines is a strong example of this. This Multibagger Chemicals stock has covered a great journey since 2007 from Rs 28.42 (Closing Price 5 April 2007) till date to 3672.95 (Closing Price as 10 Jan 2022). In this 15-year period, this stock has seen a rise of 12800 percent. In the last 1 year, this multibagger stock has increased from Rs 3220 to Rs 3673, showing a rise of about 14 percent.
Looking at the share price history of Balaji Amines, in 1 month this multibagger stock has increased from Rs 3220 to Rs 3673. In this one month, this stock has seen an increase of 14 percent. At the same time, in the last 6 months, this stock has increased from Rs 2900 to Rs 3673 and during this period this multibagger stock has seen a rise of 27 percent.
Similarly, in the last 1 year, this chemical stock has increased from Rs 1163 to Rs 3673. The stock has shown a gain of 215 per cent during this period. Similarly, in 5 years this multibagger stock has increased from Rs 345 to Rs 3673 and during this period this stock has run up 970 percent.
Stick to the buying strategy in the fall, today’s top intraday call, there may be good earnings
Similarly, in the last 15 years, this multibagger stock has increased from Rs 28.42 to Rs 3673. The stock has seen an increase of 1.29 times during this period.
If we look at the share price history of this multibagger stock, then if an investor had put Rs 1 lakh in this stock 1 month ago, then this Rs 1 lakh would have become Rs 1.14 lakh today. On the other hand, if an investor had put Rs 1 lakh in this stock 6 months ago, today his Rs 1 lakh would have become Rs 1.27 lakh.
Similarly, if an investor had put Rs 1 lakh in this stock 1 year ago, he would have been getting Rs 3.15 lakh today. On the other hand, if an investor had put Rs 1 lakh in this multibagger stock 5 years ago and he had made it till now, he would have been getting Rs 10.70 lakh today.
Similarly, if an investor had put Rs 1 lakh in this stock 15 years ago at a price of Rs 28.42 and he had remained in this stock till now, then today he would have been getting Rs 1.29 crore for his Rs 1 lakh.
.