In the recent rally of the stock market, many stocks are trading near their high levels these days. Many of these have proved to give multibagger returns. Today we are going to tell you about one such stock, which has not only proved to be a multibagger, but its returns are like a lottery ticket.
This power company is very old
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This is a share of CG Power and Industrial Solutions Limited, formerly known as Crompton Greaves Limited. It is a multinational company based in India and is several decades old. This company was established in the year 1937 before the independence of the country.
CG Power does this work
This Mumbai headquartered company is mainly related to electricity. This company manufactures and sells a variety of products and solutions used in power generation, its transmission and distribution. Apart from these, the company is also active in the work of rail transportation. Currently the company’s value in the stock market is Rs 62,120 crore.
This is how the stock strengthened
CG Power’s stock has remained stable in Wednesday’s trading today, but in the last five days There has been an increase of more than 3.50 percent in this. At the same time, in the last one month, the price of this share has strengthened by about 8 percent. The share price has gained 32 per cent in 6 months, so this year so far it has jumped more than 50 per cent.
At one time the price was just Rs 8
CG Power’s stock has gained more than 75 percent in the last one year. At present, its share price is Rs 408, which is close to its 52-week high of Rs 424.65. However, just 3 years ago, the price of one of its shares was around Rs.8. In this way, this stock has jumped 51 times in the last 3 years. Had he invested just Rs 2,000 in this share, he would have been a millionaire today and if he had invested Rs 2 lakh, he would have been a crores owner today.
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