Saving and contributing for what’s to come is vital to guaranteeing you stay peaceful in the unstable monetary climate today. Stock market investments are riskier bets, but they can pay off handsomely, despite the fact that some individuals prefer safer, risk-free options for investing.
Over time, a number of stocks gain a lot of money and provide enormous returns to their backers. Today, we’ll tell you about a stock like this that returned more than 300 percent in two and a half years.
Here’s how an investment grows by 300 percent in 2.5 years: The stock that is currently in the spotlight is a multibagger liquor stock. Radico Khaitan Ltd. is the name of the business, and its stock is currently trading for Rs 1,073.
The stock has increased by more than Rs 800 in the past five years. The stock has experienced a significant uptrend over the past two and a half years. In March 2020, the stock was at Rs 262.85. From that point forward, the portions of the stock have soar by 308%.
The cost of the stock has developed by Rs 810 in this stretch of time. This indicates that in December 2022, an investment of Rs 10,000 made in 2020 would now be worth more than Rs 40,000.
In January 2022, the stock reached its all-time high of 1246.85. Since then, the stock fell in the middle of the year, reaching 760.60 in May. However, the multibagger stock rebounded and has been on an upward trend for the past six months, reaching 1134.15 beginning in December, and is now trading at 1073.
About the company Radico Khaitan is a major liquor manufacturer in India. In addition to India, the company’s liquor brands are available for purchase in over 85 nations, including South America, the United States, Australia, and Europe.
In addition to producing country liquor and Indian Made Foreign Liquor (IMFL), it also produces industrial alcohol and fertilizers.
Rampur Distillery and Chemical Company was the previous name of the 1943-founded company. Rampur (Uttar Pradesh), Bajpur (Uttarakhand), Thimmapur (Telangana), Aurangabad (Maharashtra), and Reengus (Rajasthan) are the company’s five manufacturing facilities. Additionally, it has a number of affiliated Indian bottling businesses.
8PM whisky, Contessa rum, Magic Moments Vodka, and Jaisalmer gin are among its most well-known brands.