According to the last one year, this stock has given 268 percent return. This stock has gained 99 per cent in the last six months. So far in the year 2024, this stock has jumped 16 per cent.
New Delhi. It is not known when which stock in the stock market will take an investor from rags to riches. Many small stocks have given huge profits to investors. One such profitable 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 (Suraj Products Share Price). In the last six months, the share of Suraj Products has almost doubled the money of investors.
Suraj Products, started in the year 1991, is a small cap company. Currently, the market cap of Suraj Products Limited is around Rs 245 crore. At the same time, the PE ratio of the stock is 17.72, while the dividend yield is 0.31 percent. In the last trading session i.e. on Friday, the stock of Suraj Products Limited closed at Rs 477 on NSE with a loss of about 2 percent. In the last 5 days, this stock has strengthened by about two and a half percent, while in 1 month its price has increased by about 25 percent. In the year 2024, this stock has strengthened by about 16 percent so far.
Double the money in six months
According to the last 6 months, the share of Suraj Products has climbed 99 percent. On 9 August 2023, the price of one share was around Rs 240, which has now become Rs 477. That is, in six months, this stock has been included in the list of multibagger stocks by giving double returns. At the same time, according to the last one year, this stock has given a return of 268 percent.
1 lakh rupees became 47 lakhs in 4 years
Four years ago, in February 2020, one share of this was only Rs 10. Now it has become Rs 477. In this way, in the last 4 years, the shares of Suraj Products have registered a rise of up to 5,100 percent. This means that if an investor had invested one lakh rupees in the shares of Suraj Products four years ago, then today the value of his investment has become Rs 4,770,000. Similarly, if an investor had invested one lakh rupees in this multibagger share a year ago and has maintained his investment till now, then today his money has increased to Rs 357571.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any loss you may incur.)
Tags: Money Making Tips, Multibagger stock, Stock market, Stock tips
FIRST PUBLISHED : February 10, 2024, 11:53 IST