Investing in the stock market is more risky, in this your money can increase manifold, while money can also decline. For this reason, experts often advise to invest wisely. They believe that keeping the money invested for a long time considering the market conditions gives more returns.
That is, after investing, the stock should be kept with you for as long as possible. Liquor company Stock Radico Khaitan is a shining example of this, which has given great returns to the long-term investors. Radico Khaitan’s share price has risen from a level of Rs 7.60 to Rs 826 per share in the last 19 years, giving a return of about 10,700% to its shareholders.
Multibagger Stock: Radio khaitan share history
The stock has dropped about 35 percent in YTD time, while it’s up about 27% in the past 6 months. However, the stock has risen from Rs 610 to Rs 826 in the last one year, an increase of about 35 per cent in this period. This multibagger stock has given returns of around 560 percent in the last 5 years. Similarly, this multibagger stock closed at Rs 7.62 per share on NSE on 20 June 2003, while it closed at 826 on NSE on 27 May 2022. , which increased by about 1.08 times in the last 19 years.
According to the share price history of Radico Khaitan, if an investor had invested Rs 1 lakh in this multibagger stock at the beginning of the new year 2022, it would have become Rs 65,000 in YTD time, while it would have been Rs 1.35 lakh in the last one year. . Similarly, if an investor had invested this one lakh 5 years ago, it would have become Rs 6.60 lakh today. Similarly, if an investor had invested 1 lakh in this multibagger stock 19 years ago, one stock would have given Rs 1.08 crore.