You Could have been a Millionaire, If You had Invested in this Tata Company
In the stock market, not every investment provide the same return. Some stocks keep moving in a circle for years. While some stocks have disappointed investors even after decades by giving negative returns. But in the midst of all this, there are many such stocks, which have made investors happy with returns.
In fact, before investing in the stock market, you must select one stock that can benefit you with high returns. If you invest in the correct company, you will undoubtedly achieve the best long-term results. Looking at the movement of some stocks, it has given bumper returns in two decades.
Tata Group Company
Titan Stock is one of such stock that has gained more profit than expected in last two decades. Titan Company is a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO).
The shares of Titan Company have given returns of more than 1,00,000 percent to the investors in the last 20 years. If someone had put 10 thousand rupees into Titan Share 20 years ago, then now that investment would have been more than 1 crore rupees.
Investment of ten thousand rupees would have made a profit of one crore rupees
Let us remind you that on March 8, 2002, Titan Company’s stock was trading at Rs 2.35 on the National Stock Exchange (NSE). Now this share has become worth Rs 2,556. As a result, if an investor had just invested Rs 10,000 in Titan shares on March 8, 2002, the value of his shares would have been Rs 1.08 crore in present time. If you had invested Rs 1 lakh in this stock 20 year ago, then today that investment would have increased to Rs 10.8 crore.
According to data, titan Stock has given a return of about 108,765 percent in the last 20 years. Tata Group holds 25.02 per cent stake in Titan. The Tamil Nadu government’s stake in Titan is 27.88 percent. Rakesh Jhunjhunwala, an Indian stock market veteran, holds a significant stake in Titan. At present, Jhunjhunwala’s total stake in this company is 5.09 percent.
In the last one year, the high of Titan Stock is Rs 2,687.25, and the low is Rs 1400. On February 28, this stock closed at Rs 2556 with a gain of 3.5%. Titan is in Gems & Jewelry business.
Source: Aaj Tak