look news india
In order to get high returns in the stock market, investors are required to hold the right stock for a long time. Agro Industries is a great example in this category. The last 5 years have seen a wonderful increase in the prices of the company’s shares, whenever this stock was less than Rs 6, and now it has reached above Rs 700. Meanwhile, the price of the company’s shares has increased by more than 142 times, making positive investors a millionaire.
Round of profit recovery
However, the shares of Agro Industries have declined in the last one month. Due to profit recovery, the price of the company’s shares has come down from Rs 1012.55 to Rs 782.50. Nevertheless, if an investor had bought this stock 6 months ago, he would have been in profit of 5 percent. In the last one year, the stock price has increased from Rs 292.20 to Rs 782 level, which has led to more than 170 percent of the posts.
How to become a millionaire
On 27 March 2020, the company’s shares were Rs 5.52, and since then their prices have increased by 142 times.
If an investor had invested Rs 1 lakh in the shares of Agro Industries a year ago, his money would have now been Rs 2.70 lakh. Similarly, if someone had placed a bet of one lakh rupees on this stock 5 years ago, then their money would have increased to Rs 1.42 crore now. That is, in just 5 years, this stock has made investors a millionaire.
The current status of stock
The company’s 52 -week highest level is Rs 1019.90 per share, while the minimum level of 52 weeks is Rs 278 per share.