Even though the business of Share Market is full of ups and downs, one or the other stock does such wonders that even a small amount invested in it makes the investor rich. Something similar has been done by the share of an IT company, which made its investors crorepatis in the long term. Yes, the shares of Mphasis Share, a company providing IT services, have seen a strong growth in the last 22 years.
The stock of Mphasis, a company providing IT services, has proved to make its investors millionaires. Anyone who would have left it 22 years ago by investing just Rs 50,000 in it, would have become rich now. During this period, this IT stock has registered a tremendous jump of 20411 percent. Although, there has been a decline in it in the last one year, but it is minor in front of its performance in the last 22 years.
Rapid returns in the long term
First let’s talk about the current price of this share, then let us tell you that during the trading in the Stock Market on Tuesday, Mphasis Share Price closed at Rs 2110.55, taking a gain of 2.5 per cent. On the other hand, this stock is also trading on the green mark on Wednesday. At the same time, 22 years ago i.e. in the year 2021, the price of this share was just around 10 rupees. If you look at the latest price, then in the long term, the growth in Mphasis shares can be estimated.
This is the high level of Mphasis
Looking at its performance in the last 22 years, on October 19, 2001, Mphasis shares were available at a price of only Rs.10.29. Which has now climbed 20411 percent to reach the price of Rs 2110.55. That is, if an investor would have invested Rs 49,000 in it in 2001, now his investment would have increased to around Rs one crore. Not only this, but the stock has also given higher returns. In the month of March last year, it touched its all-time high and jumped up to Rs 3466.40. However, in the months that followed, the stock broke down and hit a 52-week low of Rs 1,897.
Stock ran at the speed of rocket
If you look at the rise in the price of this share year after year, then on October 19, 2001 it was Rs.10.29. On October 18, 2002, the stock price became Rs.69. After this, on October 10, 2003, it reached Rs.127, on October 15, 2004 it reached Rs.140. Three years later, on October 5, 2007, this share was Rs 277, on October 1, 2010, Rs 631, on August 31, 2018, Rs 1260 and on March 11, 2022, it was close to Rs 3400.
Experts giving investment advice
If you look at the movement of the last one year, even though it has registered a decline of 31 percent, but in the last five years it has climbed up to 147 percent. At present, this stock has gained more than 10 percent in the last one month and it is continuing continuously. Expressing confidence in this stock, domestic brokerage firms are advising to invest in it and have set a new target price of Rs 2450 for it.
(Note- Before investing in the stock market, take the advice of your market expert.)