Multibagger stock alert: The stock market can be risky, but if investors find the right stocks, it can also provide huge returns. One such stock, which was trading for just Rs 1 just over a year ago, provided investors with enormous returns and ended 2022 on a massive high. Kaiser Corporation Limited owns the stock under discussion right now.
Livemint reported that the small-cap stock, which was listed on the BSE and had a market cap of Rs 275 crore at the time, was trading at just one rupee per share in November 2021. The Kaiser Corporation share price right now is Rs 52.25. This indicates that the stock has increased by a staggering 520%. However, this is not the stock’s highest point of potential. It gave a glimpse of how far it could skyrocket in the middle of 2022.
History of the multibagger stock’s rise
The multibagger stock’s rise from Re 1 in November 2021 to Rs 3.50 on January 1, 2022 is the history. On April 29, 2022, the stock skyrocketed to Rs 130.55 in less than six months. This indicates that the stock had gained 13,000 percent between November and April 2022.
As a result, an investment of Rs 10,000 would have grown to approximately Rs 13 lakh. However, the stock came under fire, and by December 30, 2022, its value had decreased to Rs 54.80. The stock is currently trading at Rs 52.25, despite a slight decline.
Here’s how Rs 10,000 becomes Rs 5.2 lakh:
If an investor had invested Rs 10,000 in this stock in November 2021, their holding would now be worth approximately Rs 5.2 lakh. However, investors ought to be aware of the significance of selecting the right moment.
In recent times, an investment of Rs 10,000 in the stock would not have produced similar gains. Any investor who bought the stock around six months ago, when it was at an all-time high, would now own it for nearly half what it was worth. Despite this, the stock is currently trading at a price that is less than half of its previous peak.
About the company
The stock is held by Kaiser Corporation Limited, a business that specializes in printing labels, magazines, cartons, and other packaging materials in India and provides printing and packaging services.
