Multibagger Penny Stocks: Today we are telling you about a stock which has given strong returns to its investors in a short span of time. This share belongs to Rajnish Wellness Ltd. Today the company’s stock has hit an upper circuit of 5% and this stock has become around Rs.19. Rajnish Wellness is one of the multibagger stocks that the Indian stock market has created in recent years.
Shares rose from ₹0.55 to ₹19 in two years
This penny stock has grown from around ₹0.55 per share to around ₹19 per share in the past two years. This share has increased by 3300 percent in these two years. The small-cap stock has a market cap of ₹1,452 crore. Let us tell you that this multibagger penny stock has hit the upper circuit in all the six sessions. After hitting the upper circuit on January 16, 2023, Rajneesh Wellness shares were in the lower circuit in all the three sessions on January 17, 18 and 19, 2023. On Friday it made a strong comeback and hit the Upper Circuit. Today on January 23, the shares are again in the upper circuit.
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Rajnish Wellness share price history
Rajneesh Wellness share price has risen from ₹13.58 to ₹19 per share in the last one month, a gain of nearly 40 per cent during the period. The multibagger stock has risen from around ₹9.60 to ₹19 per share in the last six months. Shareholders’ money has almost doubled in this time. This multibagger penny stock has grown from around ₹15.38 to ₹19 per share in YTD time. That is, in 2023 this share has increased to 22 percent. This multibagger penny stock has given returns of over 450 per cent in the last one year. Rajneesh Wellness share price was around ₹0.55 in January 2021, while Rajneesh Wellness share price today is close to the level of ₹19 per share. This means, this small-cap stock has given more than 3300 per cent returns to its positional shareholders and the penny stock has become a multibagger stock in this span of time.
This stock became 40% cheaper, now investors broke down to buy stock, IPO came last year
Strong profits for investors
According to Rajneesh Wellness share price history, if an investor had invested ₹1 lakh in this penny stock six months ago, his ₹1 lakh would have turned into almost ₹2 lakh today. Had the investor invested Rs 1 lakh in this penny stock a year ago, his Rs 1 lakh would have become Rs 5.50 lakh today. Whereas, an investment of Rs 1 lakh would have grown to Rs 35 lakh in two years.