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Penny Stocks to Multibagger: These were penny stocks in 2003, the prices were eighty-four, investment of 10 thousand became up to 3 crores today! – From below Rs 1 to over Rs 100 These 22 stocks have turned Rs 10000 to over Rs 3 crore in 20 years tutd

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Penny Stocks to Multibagger: These were penny stocks in 2003, the prices were eighty-four, investment of 10 thousand became up to 3 crores today! - From below Rs 1 to over Rs 100 These 22 stocks have turned Rs 10000 to over Rs 3 crore in 20 years tutd
Aditya Chaudhary

Recession in the US and Europe, selling by Foreign Institutional Investors (FIIs), layoffs, rising interest rates, volatility and uncertainty are some of the key words that are testing the patience of investors on Dalal Street these days. However, historical data has shown that if you place your bets on the right stocks yourself, your fortunes can turn. The figures of at least 22 stocks are proving this point. These 22 stocks are such, which were below Re 1 in January 2003 and have gained more than 11,000 per cent in the last 20 years.

10 thousand investment became 3.50 crore

With a rally of 3,59,345 per cent, Jyoti Resins shares reached Rs 1,198.15 on January 20, 2023. It was Rs 0.33 on January 20, 2003. This means that Rs 10,000 invested in stocks 20 years back has now converted into Rs 3.50 crore. It is followed by Symphony, which has gained 0.33 per cent to Rs 964.80 from Rs 2,92,264 during the same period.

related news

Borosil Renewables (up 1,92,058 per cent), JSW Steel (up 1,28,761 per cent), Relaxo Footwears (up 96,618 per cent) and Kitex Garments (up 94,413 per cent) are among the major gainers in the list. All these shares were available in January 2003 at a price of less than Re.

Symphony stock can shine

Anand Rathi Share & Stock Brokers has a buy rating on Symphony with a target price of Rs 1,194. Symphony’s stock may shine in the coming summer. Companies like Poly Medicure, UPL, Lloyds Metals & Energy, Manappuram Finance, Aegis Logistics, La Opala RG, Elecon Engineering Company and Gulshan Polyols have also jumped over 50,000 per cent in the last 20 years, according to the data. All these stocks were penny stocks in 2003.

keep looking for opportunities

According to the news published in Business Today, Kolkata-based investor Soumya Malani said that to create wealth in the equity market, you must have an optimistic mindset and outlook. This means that we should always look at things with an open mind. Also believe that the next big opportunity may be just around the corner. So keep looking for opportunities.

Strong jump in these stocks too

Ganesh Benzoplast, HCP Plastine Bulkpack, Gujarat Ambuja Exports, Shukra Pharmaceuticals, Mold-Tech Technologies, Jaish Industries, Bhansali Engineering Polymers and Nikko Park & ​​Resorts have also rallied between 10,000 per cent and 50,000 per cent during the same period.