The stock market is definitely considered a risky business, but one stock or another emerges in it that changes the fortunes of its investors in a short time. There are many such examples and the latest one is a small stock valued at Rs 7, in which investors have become millionaires in less than five years. We are talking about Eraaya Lifespace stock, which has given a huge Multibagger return of over 27000% in this period.
Investors obtained a return of 27,619%
The share price of Araya Lifespace, which has become a multibagger stock for its investors in a very short time, was just Rs 7.58 on July 30, 2020 and it started the year 2024 at a slow pace, reaching 100 rupees in the first one. week of January. The figure was crossed. But after this, this stock gained such momentum that there was no turning back and it made its investors rich. From July 2020 till now, this stock has generated multibagger returns of 27,619 percent.
Those who invested Rs 1 lakh became millionaires
If we calculate the investment and profit based on the performance of these multibagger shares, then if an investor had invested Rs 100,000 in shares of the company on July 30 and held it till now, then his investment till now would have increased to 27,719 ,000 rupees. It must have happened. That means it has become a Crorepati stock for investors and has turned investors into millionaires in less than five years.
He became rich in just one year
On the one hand, in less than five years, this stock has turned investors into millionaires by delivering multi-bagger returns; On the other hand, in the last one year, this Eraaya Lifespace stock has given a return of 2802.47 percent. That is, Rs 1 lakh has become Rs 29 lakh. This stock has risen 183 percent in the last six months, while in one month the price of this stock has fallen 5 percent.
The 52-week high level of this Multibagger stock is Rs 3,169, which it reached in the same year 2024. If we talk about the market capitalization of the company, it is Rs 3,970 crore. Shares of this small-cap company have turned out to be a profitable trade for investors.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
