This stock has given a return of 268% in the last one year. The stock has gained 99% in the last six months. The stock has gained 16% so far in the year 2024.
New Delhi. It is never known which stock in the stock market will take the investor from the floor to the heights. Many small stocks have given investors huge returns. One such notable stock is that of steel company Suraj Products. Four years ago, the share price of Suraj Products was Rs.10. Now it has increased to Rs 477 (Sun Products Share Price). Shares of Suraj Products have almost doubled investors’ money in the last six months.
Suraj Products, started in the year 1991, is a small cap company. Currently Suraj Products Limited has a market cap of around Rs 245 crore. While the PE ratio of the share is 17.72 while the dividend yield is 0.31%. In the last trading session i.e. on Friday, shares of Suraj Products Limited closed at Rs 477 with a loss of around 2 per cent on the NSE. The share has gained around 2.5% in the last 5 days while its value has increased by around 25% in a month. The stock has rallied nearly 16% year-to-date in 2024.
Also Read- LIC share starts to show strength, hits record high Is it better to sell this stock now or is there any benefit in holding it? learn
The amount doubles in six months.
As per the last 6 months, the share of Suraj Products has increased by 99%. On August 9, 2023, the price of a share was around Rs 240 which has now become Rs 477. This means that this stock has been added to the list of multi-bagger stocks by giving double its profit in six months. This stock has given a return of 268% in the last one year.
1 lakh rupees became 47 lakhs in 4 years.
Four years ago, in February 2020, its share price was only Rs 10. Now it has become Rs 477. Thus, the shares of Suraj Products have increased by 5,100% in the last 4 years. This means that if an investor had invested Rs 1 lakh in shares of Suraj Products four years ago, today the value of his investment has become Rs 4770000. Similarly, if an investor had invested Rs 1 lakh in this multibagger share a year ago and has maintained his investment till now, today his amount has increased to Rs 357571.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)
Tags: money making tips, Multi bagger stock, Stock market, Stock tips
First Publication: February 10, 2024, 11:53 IST
#years #share #cost #lakh #lakh