Multibagger Stocks: Do not invest in this bank’s account, invest in shares… doubles every year

Multibagger Stocks: Do not invest in this bank’s account, invest in shares… doubles every year

Most investors in India still turn to banks for savings and investments. They usually resort to savings accounts and FDs, while they get very meager returns in these instruments. Instead, if the money is invested in the shares of the same bank, then many times better returns can be obtained.

Today we are telling you about a bank which has consistently given multibagger returns in the stock market. Investors who have opened a savings account or parked money in FD in that bank, it will take years for their money to double, while on the other hand the money of investors who have invested in shares of the same bank has increased manifold.

Outstanding performance of this stock

This is the story of Indian Bank. Today the stock of this bank closed at Rs 381 with a loss of 0.52 per cent. At the same time, in the last 5 days, its price has increased by about 12 percent. Shares of Indian Bank have gained 23 per cent in the last one month, while they have gained about 35 per cent in the last six months.

The money doubled in a year

The stock has turned out to be a multibagger in the last one year. In the last one year, the return of Indian Bank’s stock has been around 110 percent. Means those who invested money in its shares got double return in a year itself. Whereas in 3 years it has given more than 6 times return. Even in the best case scenario, the money in FD will take 10 to 12 years to double.

Risk determines the choice

Though FD or equity/share market, it depends on the investors depends on the choice. Investors choose the investment vehicle based on their preferences, their financial goals and their risk appetite. FDs are considered less risky than equity.

Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. never advises anyone to invest money here.

Read also: GeM proved to be a diamond for the government, has saved 45 thousand crores

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