In the uncertain world of the stock market, it is difficult to say which stock will give the highest return. However, experienced investors claim that a glimpse of which stock will give a multibagger return can be obtained in advance.
However, for the inexperienced, understanding that glimpse is as difficult as catching the moon. Almost every day we come up with detailed information about various multibagger stocks. Today’s report will be no different. Today’s main topic of discussion is a stock whose price has jumped from Rs 13 to Rs 449.
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This stock has made 1 lakh to 36 lakh
The stocks of the Indian company Usha Martin, which is well-known all over the world, have filled the pockets of investors even through the extreme uncertainty of the stock market. In fact, the prices of the stocks have also increased dramatically as this company has earned huge profits in their business in recent times. It is surprising to know that 5 years ago, the price of a stock of this company was 13 rupees or less. However, today the price of that stock has reached around 450 taka.
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According to the National Stock Exchange report, today i.e. on December 18, around noon, a stock of this company was trading at 449 taka 30 paisa. Although the price of this stock has decreased slightly today and is trading in the red mark, this stock has given investors about 3,500 percent return in the last 5 years. That is, if a person had put only 1 lakh taka in this stock 5 years ago, in December 2020, then today his total deposit amount would have stood at 36 lakh.
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Needless to say, the highest price of this stock in the long 52 weeks was Rs 497.50. Experts say that the way Usha Martin is growing its business, the amount of profit earned will gradually increase in the coming days. This will have a direct impact on the stocks of this company. Although the company’s stocks are currently trading in the red mark, many experienced investors believe that the stock price of this company can exceed 500 if the stock market gains some momentum.
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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 prepared to provide information related to the stock market to the readers. Take expert advice before making any decision regarding recruitment.)