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The number of multibagger stocks in the stock market is constantly increasing. Some of these have become money printing machines for investors in a very short time. One such stock is the stock of the energy sector company Wari Renewables, which has grown to Rs 2.55 crore in just five years. It has reached from Rs 2 to Rs 2000. On Monday, this stock again saw a huge jump.
An order came in and energy stocks surged
According to a PTI report, Wari Renewables said in a stock exchange filing on Monday that it has received a big order of Rs. 90 crore. Under this, the company has to complete this solar power project in the financial year 2024-25. The impact of the news of this big order received by the company was seen on the shares of the energy company during trading in the stock market.
During the day's trading, Waaree Renewables shares rose 3 per cent to Rs. 3.55 crores. 1980 level. However, the gains slowed down by the close and the energy stock closed 1.95 per cent higher at Rs. 1948.25
66000% return in 5 years
Vari Renewables stock has emerged as a multibagger for its investors in a very short time and has made them rich. The company's shares have given a multibagger return of 66,620.80 percent to investors in just 5 years. On July 19, 1019, the price of one share of Vari Renewables was just Rs 2.92, which reached Rs 1980 on Monday.
If we calculate the growth in investors' wealth based on returns, during this period if an investor invests Rs. 1 lakh till now and holds it, it would have increased to Rs. 66,720,000. Meaning, Ware Shares has proved that those who have Rs. 1 lakh investment make them millionaires.
In this way, this stock kept moving forward
The market capitalization of this energy sector company is Rs. If we look at the performance of the stock in these five years, then in a period of one year, this stock has increased by 630 percent, that is, the money has increased 7 times in one year. If we look at the trend of the last six months, then the return received by the investors is 293 percent, that is, the money has tripled in 6 months. The year 2024 has proved to be the best year for investors in Very Renewables stocks and so far in 2024, it has given a fantastic return of 350 percent.