There was such a tsunami in the Indian stock market that the shares of many big companies were washed away. Meanwhile, even those stocks which were proving to be making their investors millionaires till now were affected badly. Talking about some such PSU multibagger stocks, shares from RVNL to Mazagaon Dock have seen a decline of up to 8 percent. Let’s know about 5 such stocks…
RVNL Shares
The stock of Rail Vikas Nigam Limited (RVNL) was so affected by the tsunami in the stock market on Monday, the first trading day of the week, that it fell by 8 percent. It opened at Rs 559.80 at 9.15 am and within a short time it fell to the day’s low of Rs 544.35. This stock related to Railways is included in the list of shares that have made their investors rich in a short time and it has given a tremendous return of 2,034.62 percent to its investors in the last five years. That is, the amount of those who invested Rs 1 lakh became more than Rs 21 lakh in this period.
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Mazagon Dock Share
During the trading in the Indian stock market which was badly hit due to the impact of the news coming from America, the Mazgaon Dock stock of the defense sector also crashed as soon as it opened. The stock of this company with a market capitalization of Rs 95980 crore opened at the level of 4840.95 and within a short time it fell by about 7 percent compared to its previous close and came down to the level of Rs 4732. This Defense Stock has also given a multibagger return of 2779.23 percent to the investors in the last five years.
NBCC India Share
Another name is included in the list of multibagger PSU shares, yes, NBCC India Share also crashed on Monday. After opening at Rs 173.80, this stock touched the day’s low of Rs 166.66. It slipped by 7 percent during trading. The market capitalization of the company also decreased to Rs 29720 crore. If we look at the returns from this stock, then it has also proved to make its investors rich. NBCC Stock has given a return of 391 percent in five years.
IRFC Shares
This stock related to Indian Railways was also seen continuously sinking in the market tsunami on Monday. IRFC Share opened at Rs 180.03 with a huge fall compared to its previous close and within a few minutes it fell to the level of Rs 178. At the time of writing the news, this railway stock was trading at the level of Rs 181, slipping 5.61 percent. If we look at the performance of the last five years, then this stock has given a strong return of 631 percent and has multiplied the money of investors seven times. That is, the money of those who invested Rs 1 lakh in five years has become Rs 7 lakh.
cochin shipyard shares
The fifth stock is the stock of Cochin Shipyard Company, which got a lower circuit just an hour after the stock market opened on Monday. It fell by 5 percent to the level of Rs 2411. Earlier, when the market opened, the share of Cochin Shipyard (Cochin Shipyard Stock) opened at the level of Rs 2430. This stock has also emerged as a multibagger stock for its investors in just five years and during this period, investors have got a strong return of 1270.67 percent.
(Note- Before making any investment in the stock market, please consult your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)