From just Rs 1 lakh to Rs 5 crore in 5 years, this stock gave huge returns!

If someone tells you that you invest Rs 1 lakh and after five years you will get Rs 5 crore, you will not believe it. It’s not even believable. It happens in movies and stories but today we are telling you that it happens in reality and like a dream come true in stock market.

Investors got rich.

Waaree Renewable Technologies Ltd is a company in the renewable energy sector. This stock has made the seemingly unbelievable come true and has given investors who believe in it such returns that you will be surprised to know. This share has actually turned an investment of Rs 1 lakh into close to Rs 5 crore in just five years.

The price of one share was only Rs.17.

Five years ago, the price of a share was less than Rs 20. On February 1, 2019, its share price was just Rs.17. Recently, on Thursday, January 25, its shares closed at Rs 3,317.15. This is a huge return of 19,412.65% in five years. That is, in the last five years, the value of this share has increased by about 474 times.

The price increased 474 times in 5 years.

This means that if an investor had invested only Rs 1 lakh in the shares of Waaree Renewable Technologies on February 1, 2019 and held on to his investment with confidence, today his Rs 1 lakh would be worth Rs. It would have increased 474 times. 474 times 1 lakh rupees is 4.74 crores. This is a little less than Rs 5 crore.

More than 6 times increase in one year

The momentum of this stock has not slowed down at all. It had an upper circuit of 5 percent in its price on the last trading day. Its price has increased by 27% in the last 5 days while its price has increased by 83% in just one month. The stock has seen a whopping 129% gain in the last 6 months, while it has seen a whopping 570% gain in a year.

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Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing. ABPLive.com never advises anyone to invest money.

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