If someone tells you that you invest Rs 1 lakh and after five years you will get Rs 5 crore, then you will hardly believe this. This is not even something to believe. This happens in films and stories, but today we are telling you that this happens in reality and like a dream, it has come true in the stock market.
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Waaree Renewable Technologies Ltd is a company in the renewable energy sector. This stock has made the seemingly unbelievable come true and has given such returns to the investors who have faith in it, that you will be surprised to know. This share has really taken the investment of Rs 1 lakh to close to Rs 5 crore in just five years.
The price of one share was only Rs 17
The price of one share of this The price was less than Rs 20 five years ago. On February 1, 2019, its one share was worth only Rs 17. Recently, on Thursday, January 25, its shares closed at Rs 3,317.15. This is a huge return of 19,412.65 percent in five years. This means that the value of this share has increased by about 474 times in the last five years.
The price has increased by 474 times in 5 years
This means that if an investor invests in the shares of Waaree Renewable Technologies If I had invested only Rs 1 lakh on February 1, 2019 and maintained my investment with confidence, today the value of Rs 1 lakh would have increased 474 times. 474 times Rs 1 lakh becomes Rs 4.74 crore. This is a little less than five crore rupees.
More than 6 times increase in a year
The momentum of this stock has not slowed down at all. There was an upper circuit of 5 percent on its price on the last trading day. Its price has gone up by 27 percent in the last 5 days, while in just one month the price has increased by 83 percent. In the last 6 months, this stock has seen a spectacular rise of 129 percent, while in one year it has made a tremendous jump of 570 percent.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
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