Multibagger Penny Stock – If an investor had invested ₹1 Lakh in this stock about a year ago, his ₹1 Lakh would have become ₹20 Lakh today.
Multibagger Penny Stocks:
Investing in low float penny stocks is risky as it moves in any direction in a single trigger. However, high-risk traders invest in penny stocks once they are convinced of the company’s business model and financial position. Sometimes these bets turn out to be a big windfall for an investor, as penny stocks have a tendency to outperform major benchmarks and generate alpha returns by a wide margin.
For those who want to know how investing in penny stocks can change an investor’s luck, they should look at Hemang Resources stock. This BSE-listed stock has grown from around ₹3.25 per equity share level to ₹66 per share in the past year, giving its positional investors a return of almost 1900 percent. This return becomes even greater when we consider that the year 2022 was filled with uncertainties following the outbreak of the Russo-Ukrainian war and an economic slowdown due to global inflation concerns.
Hemang Resources Stock Price History
In the past week, this small-cap stock has made it to the top circuit twice and has returned more than 5.50 percent to its shareholders over this period. In the past month, this multibagger penny stock has risen from around ₹56.50 to ₹66 per share level, a gain of around 15 percent in the past month. In the past six months, this multibagger stock has risen from Rs 45.20 to Rs 66 per share level, giving a 45 per cent return to its shareholders. Similarly, in the last year, this multibagger penny stock has grown from around Rs 3.25 to around Rs 66 per share, giving a return
Investment impact
Following the example of Hemang Resources’ stock price history, if an investor had invested ₹1 lakh in this small-cap multibagger stock a week ago, his ₹1 lakh would have become ₹1.05 lakh today. If the investor had invested Rs 1 lakh in this multibagger stock a month ago, his Rs 1 lakh would have become Rs 1.15 lakh today. Similarly, if an investor had invested Rs 1 lakh in these penny stocks six months ago, his Rs 1 lakh would have become Rs 1.45 lakhs today. However, an investor would have hit the jackpot if he had invested ₹1 lakh in this penny stock a year ago. In the past year, an investor’s ₹1 lakh would have become ₹20 lakh today, provided the investor has invested in vouchers throughout the year.