Stock Rose From 38 Paise to Rs 45 in a year, If You Invested 1 Lakh in This Stock, It Will Become 1 Crore; Check Details

Even though domestic equity markets have been under intense selling pressure recently, a number of penny stocks have managed to deliver multi-bagger returns to investors.

Penny stocks are low in price but carry a huge risk. However, one can invest in a company that has strong fundamentals. We are telling you about one such penny stock in which investors became millionaires by investing money. Shares of Kaiser Corporation Limited has been hitting the upper circuit continuously for the last few days and in a year, this stock has increased from 38 paise to Rs 42. During this period, it has given a return of about 11,176.32% to its shareholders.

Company Share Price History

In a year, this stock has increased from 38 paise (closing price on 12 April 2021 BSE) to Rs 44.95 per share on Monday (28 March 2022). The company’s stock has given a tremendous return of 11,728.95 per cent in a year. At the same time, this packaging multibagger share has given a return of 1,367.47 percent in the year 2022 so far. Shares of Kaiser Corporation Ltd., which were at Rs 2.92 on BSE on January 3, 2022, have now increased to Rs 44.95. The stock was priced at Rs 19 a month ago, during which it has given a return of around 125.41%.

Benefits in Crores

If an investor had invested Rs 1 lakh in the share of Kaiser Corporation a year ago at the rate of 38 paise, then today this amount would have been Rs 1.12 crore. If an investor had invested Rs 1 lakh in this stock in the first trading day of this year (3 January 2022), then today this amount would have increased to Rs 14.67 lakh. At the same time, a month ago, if an investor had invested Rs 1 lakh in this stock at the rate of Rs 19, then today this amount would have become Rs 2.25 lakh. That is, the amount would have more than doubled in a month itself.

What does the Company do

The company was established in September 1993 in Mumbai. On March 15, 1995, the company was converted into a public limited company under the name Kaiser Press Limited. The name of the company was changed to “Kaiser Corporation Limited” on 5 November 2013. Kaiser Corporation Limited (KCL) is engaged in the business of Labels, Stationery Articles, Magazines and Cartons. KCL through its subsidiaries also deals in engineering goods, electric and mechanical heat tracing and turnkey projects.