In the recent times, despite the huge uncertainty in the stock market, several stocks have made investors millionaires (Multibagger Stock). The list of those multibagger stocks also includes the stock of RDB Infrastructure & Power. Many may not believe it, at one time many investors ignored this stock just thinking that investing in such stocks means loss. Today, that neglected stock has become a reason for investors to smile. In just 5 years, this stock has given investors 3900 percent return.
10 thousand became 4 lakh
Indian real estate company RDB Infrastructure & Power has brought smiles to the faces of investors in the past days despite the extreme fluctuations in the stock market. Needless to say, this company has earned huge profits in its business in recent years. As a result, the company’s stock price has naturally increased dramatically. Where investors were afraid to invest in this stock at one time, today investors are reluctant to put money in this stock.
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Let us say that 5 years ago, i.e. in 2021, those who had deposited only Rs 10,000 in this stock have today deposited Rs 4 lakh. If someone had deposited Rs 1 lakh, their deposit would have been Rs 40 lakh. Imagine! Meanwhile, from last year to today,
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i.e. in just one year, this stock has given a return of 24 percent, but in the last six months, investors have received a return of 37 percent from this stock. In the last three months, there has been a return of 41 percent. However, this stock has increased by only 6 percent in a month.
For the last time, today, i.e. on January 29, the price of this stock fell slightly and closed at Rs 66.2. However, experts claim that the price of this stock will increase today or tomorrow. Several experienced investors believe that the price of this stock will increase exponentially as the company expands its business in the future. That is why many are advising investment in this stock.
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(Note: Investing in the stock market is subject to financial risk. Do not invest in any stock just by reading this report. This news is mainly designed to provide information related to the stock market to the readers. Please seek expert advice before making any decision regarding recruitment.)