Today, you have to talk to you about the multibagger stock that has turned the fortunes of the investors, it can be said that the investors have been wiped out and that too in just 10 years. The price of the stock which was only 12 rupees 10 years ago has now reached about 1900 rupees.
Investing in the stock market may be considered risky, but it cannot be said when the investors who invest in it will come to the list of raisons. There are many companies in the stock market that have changed the fortunes of investors and have become rich. Today, we have to talk to you about one such stock which has given investors a lot of money in a span of just 10 years. The shares of this company have made investors millionaires.
Stylem Industries is an Indian company and is associated with laminates, solid surface panels and forest products. The company's products include high-pressure laminates, performance laminates, specialty laminates, exclusive surfaces, acrylic solid surfaces and compact laminates. The company mainly supplies its products to European and South-East Asian countries. The company's stock has given 14,700 per cent returns to investors in the last 10 years.
On September 10, 2013, the price of Stylem Industries was trading at just Rs 12.48 in the stock market. It reached 1869.95 on September 12, 2023. In this way, investors who have invested in these stocks with a long-term plan have got 14700 percent returns.
If we look at the share price of Stylem Industries in the last 10 years, then on September 10, 2013, it was rs. 10,000 on the BSE. 12.48 and after running at a slow pace for a year, on September 26, 2014, rs. After this, it increased sharply and reached Rs 70 on September 18, 2015 and Rs 276.80 on September 9, 2016. After that, on September 18, 2018, 363.58, on September 17, 2021, 1130.60 and after that, the stock continued to climb.
Talking about the 52-week volatility of the stock of Stylem Industries, the highest is Rs 1979.95 and the low is Rs 941.70. Those who invested Rs 1 lakh in this stock in the year 2013 are getting Rs 1.50 crore today. In other words, the company has turned its millionaire investors into millionaires.