So far within the yr 2023, this inventory has given about 30 p.c revenue to the traders.
The inventory has surged almost 30% prior to now three months and over 3500% within the final one yr.
Raj Rayon Industries, which made its debut within the inventory markets in 2014, is a type of penny shares, which has given astronomical returns to its traders within the final three years. The smallcap inventory has surged over 35000% prior to now three years. In the previous one yr the traders have acquired a return of a whopping greater than 3500%.
In the final two years, from March 2021, 5 shares of Raj Rayon Industries have been valued at Re 1. But, now the value of this multibagger share has elevated to Rs.67.44 on BSE as on March 28,2023, registering over 33000% development.
This multibagger smallcap inventory has elevated from Rs 16 to Rs 67.44 per share through the previous six months, offering its stockholders a return of round 300%.
A Rs 1 lakh funding on this penny inventory one yr in the past would now be price Rs 40 lakh. Similarly, if an investor had put Rs 1 lakh into this multibagger inventory two years in the past, that quantity would have grown to Rs 3.40 crore as we speak, assuming the investor had stayed invested on this inventory for the complete interval.
Shares of Raj Rayon Industries closed 1.99 p.c decrease at Rs 67.44 apiece on BSE on Tuesday, March 28. The inventory’s 52-week excessive was Rs 91.19 and its final 52-week low was Rs 1.86 per piece.
Raj Rayon Industries, a Mumbai primarily based firm, is among the main producers of polyester yarn in India. The firm’s product vary contains Bright Yarns, Cationic Yarn, Cotluk and Coloured Yarns, amongst others.
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