Crorepati Stock: A small share of 50 paise did wonders… Those who invested 1 lakh became owners of 4 crores!

The list of multibagger stocks in the stock market is long. Some of these stocks have made their investors rich in the long term, while some stocks have proved to be multibagger stocks in a very short time. This list also includes a small stock of just 50 paise, which has jumped to over Rs 22 in just five years. This stock has done such a miracle that investors who invested Rs 1 lakh have now become millionaires.

44640% return in five years
We are talking about Raj Rayon Industries share, which has given investors a multibagger return of 44,640 percent in 5 years. On 23 August 2019, the price of one share of the company was just 50 paise and on the last trading day it closed at Rs 22.37 with a jump of about 2 percent. The market capitalization of this company is Rs 1240 crore.

1 lakh made into 4.47 crore rupees
If we calculate on the basis of returns received by investors, then if an investor had invested Rs 1 lakh in the company’s shares on 23 August 2019 and held it till now, then his amount would have increased to more than Rs 4.47 crore now. In the last one month, this stock has gained momentum and its price has increased by about 10 percent.

This is how the stock moved in these 5 years
If we look at the performance of Raj Rayon Industries Share, which has given multibagger returns to its investors, in the last five years, the price of 50 paise crossed Rs 1 in May 2022, but then this stock did not look back. In the next 10 years, in March 2023, it reached a high level of Rs 84.55. However, after this the stock again faced a decline and on January 5, 2024, it broke down to around Rs 17. After this, it seems to be gaining momentum again and has crossed Rs 22 so far.

What does this company do?
This Multibagger Penny Stock has proved to make its investors millionaires in five years. If we talk about the functioning of the company, Raj Rayon Industries was established on 17 August 1993, it was incorporated as a public limited company. Raj Rayon Limited Company is engaged in the manufacturing and business of polyester chips, polyester yarn.

(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)