Despite the extreme uncertainty of the stock market in the new year, several stocks have given huge returns to investors (Multibagger Stock). There are several penny stocks in that list. One of them is the stock of Avance Technologies Limited. Recently, the price of this stock has practically increased at a rocket speed. At one time, this stock was sold for 50 paise or less. And those who invested money in this stock at that time, today they are the owners of huge money.
10 thousand rupees invested and got 2 lakh 80 thousand
The way the stock market has collapsed in the past few days has caused many investors to lose their hard-earned money. Many have invested in various stocks in haste without taking the advice of experts and are now on a path of their own. However, even in those difficult times, the stock of the Indian company Avance Technologies has brought smiles to the faces of investors. Although this stock did not find a place in the list of investors’ favorites at one time, today it is gradually increasing its influence in the stock market.
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Needless to say, 5 years ago this stock was priced at just 50 paise. Later, due to the huge profits the company made in its business, its stock price also increased over time. Moreover, recently this company expressed its intention to acquire 100 percent of a Hyderabad-based artificial intelligence firm. And then the price of this stock took a big jump. It is known that the price of the stocks caught the eyes of investors after the announcement of the acquisition of Hyderabad-based company Pushpak AI.
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Needless to say, if someone had invested just 10 thousand rupees in the stock of this company 5 years ago, then today his total deposit would have reached 2 lakh 80 thousand rupees. Yes, this stock has given 2700 percent return in 5 years. For the last time, yesterday i.e. on January 23, the price of a socket of the company increased by 4.48 percent to 1 rupee 40 paise. Several experienced investors believe that the price of this stock will increase further in the coming days. However, it is best to discuss with experts whether to invest in this stock right now.
