The stock market may be considered a risky business, but there are many such stocks from which investors have become rich. While some stocks have poured money on long-term investors, there are some stocks that have proven to be multi-bagger stocks in the short term. One of those stocks is Waaree Renewable Technologies, in which investors have become millionaires in just five years. The special thing is that during this period this share has increased from Rs 2 to Rs 1,400.
The stock crossed Rs 1400 from Rs 2
If we look at the tremendous performance of Waaree Renewable Technologies Share, five years ago on November 15, 2019, the price of one share of the company was just Rs 2.34, but on Thursday, the last day of trading, it rose sharply to 1480 rupees. .went further. In such a situation, in these five years the price of one share has increased by around Rs 1,478.
63162% profitability in five years
Waaree Share has proven to be a multiple returner for investors. If we look at the return figure received by investors who invested due to this rapid pace, it has been 63,162.82 percent in five years. According to this, if an investor had invested Rs 1 lakh in shares of this company on November 15, 2019 and maintained this investment till now, it would have increased to Rs 63,260,000. That means that, in just five years, this stock has turned investors into millionaires (Crorepati Stock).
The stock has crossed Rs 3,000.
Waaree Renewable Company is a big name in the solar EPC sector and established in the year 1999, Waaree mainly focuses on the production of electricity through solar energy. The company’s current share price is still well below its all-time high level. That is, in less than five years he has converted Rs 1 lakh into Rs 10 crore. Let us tell you that its 52-week high is Rs 3,037.75. In the last year, it has multiplied investors’ money by more than five, with a return of 413.80 percent.
Chaos is being created even in a falling market
The market capitalization of this company is Rs 14,730 crore. Currently, the Indian Stock Market has been falling for more than a month and a half and the shares of many large companies are expected to plummet. Its effect has also been visible in Vari Renewable shares. But if we talk about the last trading day, on Thursday, despite the decline in the stock market, it closed at the level of Rs 1,480.35 with a sharp increase of 4.80 percent.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
