Despite running so fast, the growth of this company remains strong.On Thursday, the price rose by 5 percent to reach Rs 1773.35.On Friday, the price fell 1.8 per cent to Rs 1,735.
New Delhi. There are some stocks in the stock market that give tremendous returns to their investors in a very short time. One such stock is from the energy sector which has given a return of 22 thousand percent in just 4 years. The shares of this company were at the price of Rs 8 4 years ago, which are now running above 1,700. Despite growing so fast, the growth of this company remains strong and experts believe that these stocks will continue to give tremendous returns in the future as well.
Actually, we are talking about KPI Green Energy. The shares of this company hit an upper circuit on Thursday and rose 5 percent to reach Rs 1773.35. However, on Friday its price fell 1.8 percent to Rs 1,735. Then this stock made its investors rich in 4 years. If someone had invested Rs 1 lakh in this company four years ago, then today its value would have been Rs 2.20 crore.
I saw everything in a year, from earth to sky
The company’s shares have reached a 52 percent high level of Rs 1895.95 and the lowest level of Rs 309. This shows how much variation has occurred in its stock in a year. If an investor has invested money after reaching the lower level, then he has gained about Rs 1,600 from each share when it reached the high level.
Gave tremendous returns in a year
KPI Green Energy has performed tremendously in the last one year as well. During this period, the company has given a return of 457 percent. The company’s shares were at a price of Rs 318.77 on April 18, 2023, which rose to Rs 1773.35 on April 18, 2024. The company’s stock also showed a jump of 207 percent in 6 months. Talking about the year 2024, the company’s stock has jumped by 86 percent.
How will the next 4 years be?
Market experts and brokerage houses believe that the price of the company’s stock can increase more than 3 times in the next 4 years. According to an estimate, by the year 2028, the stock of this company can reach a price of Rs 5,523.34. If we look at it from the current price, there will be a profit of Rs 3,750 on each stock.
Tags: Green Revolution, Multibagger stock, Share market, Stock market
FIRST PUBLISHED : April 19, 2024, 19:37 IST