Multibagger stock: During the Covid pandemic, there were many such stocks which gave great returns to the investors, but after that there was a situation of sell-off in the Indian stock market. However, even during this sell-off, many stocks have given returns to the people. A BSE listed stock, S&T Corporation Limited has delivered a multibagger return in a year and posted a steady rise for the 30th consecutive session despite a weak market.
ST Corporation Limited Shares Increase
The share price of ST Corporation increased from Rs.13.45 on June 29, 2021 to Rs.212.65 as on June 24, 2022. It has given a multibagger return of 1,481.04% during this one year despite the weakening of the Sensex. At the same time, on January 3, 2022, this stock has reached the current level of Rs 22.50. It has given a multibagger return of 845.11 per cent so far during YTD time. During this period, the Sensex has fallen by 10.91 percent.
At the same time, in the last 6 months till December 27, 2021, the stock stood at Rs 20.80, despite a fall of 8.17% in the Sensex since then, it has given a multibagger return of 922.36%. At the same time, the stock was at Rs 76.75 on May 26, 2022, that is, it has given a return of 177.07 percent in one month. The stock has registered a gain of 21.48 per cent in the last five trading days.
1 lakh became 16 lakh rupees
If an investor had invested Rs 1 lakh in this stock 5 days back, then his Rs 1 lakh would have become Rs 1.21 lakh. On the other hand, if the same amount was invested 1 month ago, this amount would have become Rs 2.77 lakh. Similarly, on investment 6 months ago, Rs 10.22 lakh would have been received. On the other hand, an investment of Rs 1 lakh during YTD time would have fetched Rs 9.45 lakh. Similarly, if someone had invested in this stock on June 29, 2021 and is still invested, then he will get Rs 15.81 lakh as of today i.e. the investor will be entitled to about Rs 16 lakh.
With a market capitalization of INR 135 Crores, ST Corporation is a small-cap company. The firm is involved in the textile and construction industries. According to data from Value Research & Screener, the firm is virtually debt-free, which can be a huge plus for the stock. The stock’s 52-week high on BSE was Rs 212.65 on June 24, 2022, and its 52-week low of Rs 12.20 on June 24, 2021.