Rs 2 to Rs 74: In just six months, this penny stock went from zero to multibagger.
In the last six months, Suraj Industries’ stock has returned 3,378 percent to its owners. On the BSE today, the penny stock surged to an all-time high of Rs 74.45, up from Rs 2.14 on June 2, 2021. Six months ago, a Rs 1 lakh investment in the Suraj Industries stock would have grown to Rs 34.78 lakh today. The Sensex, on the other hand, has increased by 12.5 percent over the same time period.In the last 21 sessions, the stock has risen 175.2 percent. On the BSE today, the stock opened with a 4.93 percent increase at Rs 74.45.
This multibagger penny stock has been under profit-booking stress for the last month, according to Proseed India share price history. Proseed India’s stock price has dropped from roughly 103 to 82 in the last month, representing a loss of nearly 21%. This penny stock’s price has soared from 1.90 to 82 in the last six months, representing a 4200 percent increase.
Similarly, the multibagger stock has increased from 1.45 (close price on NSE on 20 May 2021) to 82 (intraday high on NSE on 2 December 2021), a 5550 percent increase in less than 6 months.
Using Proseed India’s share price history as a guide, a one-lakh investment in this multibagger penny company one month ago would have turned into $79,000 today. If the investor had invested one lakh exactly six months earlier in one Proseed India share at a price of 1.90, that one lakh would now be worth about 43 lakh.Similarly, if an investor had put 1 lakh in this counter in May 2021, buying one stock at a price of 1.45, and had remained invested in the counter until now, that 1 lakh would have grown to 56.50 lakh.
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