Multibagger stocks have been gaining a lot of popularity for investors in 2022. A few penny stocks have shown an exceptional rise in just a few months. Earning multi-bagger returns is a matter of time for investors in the share market. One of the latest multibagger stocks that are gaining popularity is Bajaj Finance.
Certain shares give bumper returns but investors have to be patient about it and watch the stock market carefully. Investors must know that stocks are not a quick money-making machine. Bajaj Finance share bought a bumper return of 24,400% for 12 years. The share was trading at Rs 29.18 on Feb 11, 2010, is now trading at Rs 7,148 on February 4, 2022.
However, the Bajaj Finance stock has been selling under immense pressure for the past month. Their stock prices dipped from Rs 7,750 to Rs 7,148 with an 8% fall. It has seen a 15% rise in the past 6 months from Rs 6,225 to Rs 7,148. In a year it gave the investors a 30% gain as it rose from Rs 5,500 to Rs 7,148.
How will investors get a 2.45 crore return?
As you can see that the stock prices of Bajaj Finance have been on a rise since 2010, it hasn’t dipped. The greatest rise seen is in the 12 years span where it increased by 245 times. An investor, who puts Rs 1 lakh now, will get Rs 1.29 lakh next year. In 5 years, they will get Rs 6.75 lakh. Similarly, a 10-year-old 1 lakh investment would be Rs 90 lakh. However, those who invested 12 years ago in Bajaj Finance, will now get a return of Rs 2.45 crore.
This investment is yet a good one as you will get Rs 90 lakh in return within 10 years!
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