2024-05-07 13:28:38
New Delhi: If you invest in the right stock in the stock market, you are sure to get handsome returns. Shares of many small companies have also given bumper returns to investors. There are many such shares in which those who invested Rs 1 lakh have become millionaires today. Today we are going to tell you about one such stock which is making investors millionaires. This share, which was once worth 10 paise, has crossed Rs 22 today. This share belongs to Raj Rayon Industries Limited. There is a continuous rise in the stock. Those who invested Rs 1 lakh in this share and held it for long term have got bumper returns. Investors have become millionaires today. Investors are hopeful that the stock may rise in the coming times also. However, do not invest in the stock market without knowledge. Before investing in any stock, definitely talk to your financial advisor once. If you do not do this, you may have to suffer financial loss.Multibagger Stock: Is it a share or a philosopher’s stone? There is a rush to buy this ₹1 stock, it is giving huge returns
Investor became millionaire
Shares of Raj Rayon Industries Limited have given returns of more than 22 thousand percent to investors in the last 5 years. On May 3 in the year 2019, the share price of Raj Rayon Industries was only 10 paise. During this period, if someone had invested Rs 1 lakh in this share and held it, today he would have got a return of around Rs 2 crore. The company’s shares closed at Rs 22.60 today. The share had reached the level of Rs 47.40 on May 5 last year i.e. in 2023. Since then it has declined. The company is engaged in manufacturing and trading of Polyester Chips, Polyester Yarn. Raj Rayon was incorporated as a public limited company on 17 August 1993.
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Got great returns
Those who invested in the shares of this company have got excellent returns. However, the stock has seen a lot of ups and downs in the past few days. But in the long term it has given good profits to investors. The amount of those who invested Rs 1 lakh has increased rapidly in 5 years. There are many investors who are still holding the stock. Investors are hopeful that the stock may see further rise.