Shares of Deepak Nitrite have given returns of 95000 percent to the investors.
Its share price has crossed Rs 1900 today.
According to market experts, it will go up further now.
New Delhi. Every investor in the stock market wants to have a stock in his hand so that he can get strong returns in less money. That’s why new investors keep an eye on penny stocks with good potential. Their price remains below Rs 10 and you can buy good volume of it for little money too. However, it is not possible to predict when and which stock will become a rocket.
Today we will tell you about one such stock which was a penny stock at one time but today it has reached close to Rs 2,000. This stock has given returns of 95000 percent to its investors since then. We are talking about shares of Deepak Nitrite. The stock was listed on BSE in 1995. Experts in this stock are still expecting good returns.
Earn 9 crores from 1 lakh rupees
The share of Deepak Nitrite on 10 August 2001 was Rs 1.96 on BSE. The stock closed at Rs 1915 on 29 July 2022. If someone had invested Rs 1 lakh in Deepak Nitrite’s stock on August 10, 2001 and had kept it, his amount would have become Rs 9.75 crore. This stock has given returns of more than 1000 percent to its investors in the last 5 years. The 52-week high of this stock is Rs 3,020. At the moment it is closer to its 52-week low of 1681. Therefore, experts are assuming that it will now accelerate. On Friday, this stock closed with a gain of about Rs 12.
stock to attract foreign investors
When foreign investors were withdrawing money from the Indian market, then Deepak Nitrite lured them towards him. As of March 31, the stake of foreign investors in this was 8.76 percent, which increased to 9.07 percent by July 11. Other than this LIC Ltd. has also increased its stake in Deepak Nitrite to 4.6 per cent.
1 lakh made 1 crore rupees in 10 years
The shares of Deepak Nitrite were at a level of Rs 17.19 on the Bombay Stock Exchange on 14 September 2012. The shares of the company have given returns of more than 10,000 per cent to investors in less than 10 years. If a person had then invested Rs 1 lakh in Deepak Nitrite shares, his investment would have increased to more than Rs 1 crore.
FIRST PUBLISHED : July 31, 2022, 17:13 IST