Most of the investors investing money in the Share Market are in search of such stocks, which can give multibagger returns. Such stocks multiply the wealth of their investors manifold in a short span of time. Today we are going to tell you about one such stock, which has given such returns during the last few years that you will be surprised to know…
Now this is the share price
We are talking about the shares of Apollo Pipes Limited, a pipe manufacturing company. The stock of this smallcap company has given a whopping 11000% return in the last 10 years. Talking about today, this stock was trading near Rs 550 on NSE with a gain of around 0.80 per cent in the afternoon trade. However, this week has not been special for it and during this time the share price of Apollo Pipes has been almost stable.
The price was less than Rs 5 once
Apollo Pipes shares There has been an increase of about 13 per cent in the price during the last one month. Now its price may have reached close to Rs 550, but 10 years ago it was counted in penny stocks, that is, then its price was in pennies. In the year 2013, a share of Apollo Pipes was available at a price of less than Rs. 5.
This is the mcap of the company
About a year and a half ago when the domestic stock markets started booming. Record was made, this stock also reached its record price. In October 2021, it was trading near Rs.650. The last 52-week high of this stock is Rs.633, while the 52-week low is Rs.402. The company, which manufactures products such as pipe fittings, sprinkler systems and solvent cement, currently has a market capitalization of around Rs 2,150 crore.
Historical performance of the stock
Look at the historical performance of the Apollo Pipes stock. So during the last six months it has gained only 5.50 per cent. At the same time, its price has increased by about 8 percent so far this year. It has rallied a little over 13 per cent in the last one year, while it has rallied more than 360 per cent in the last five years. Looking at the way the company has given returns, if an investor had invested just Rs 10,000 in its shares 10 years ago i.e. in the year 2013, and if he had saved it in his portfolio, the value of his holding would have increased. Today it would have been Rs 11 lakh. On the other hand, if an investor had invested Rs 01 lakh then, he would have now held shares of Apollo Pipes worth Rs 1.10 crore.
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