Rs 1.92 to 782 : This Multibagger Penny Stocks gives 1 lakh to 4 crores in 10 years

Multibagger Penny stock: If an investor had invested ₹1 lakh in this multibagger penny stock a month ago, his ₹1 lakh would have become ₹1.55 lakh today

Multibagger Stock 

Investing in penny stocks is risky, especially when it comes to staying invested for the long term as low liquidity in the counter leads to high volatility on the same trigger. However, if we go by the views of a few investors, investing in stocks is like investing in a business. As long as the company's business model and profitability look sustainable, one should invest in stocks. It can give good returns in long term. GRM Overseas Shares is the latest example. The share price of Small-Cap Rice Milling Company has soared from ₹1.93 to ₹782.40 over the past 10 years, an increase of nearly 40,450 percent over the same period.

In the past one month, this multibagger penny stock has risen from around ₹505 to ₹782 levels, appreciating 55 per cent. In the last 6 months, this multibagger stock for 2022 has increased from around ₹156 to ₹782, a growth of nearly 400 percent over the period. In the past one year, this multibagger penny stock has risen from Rs 34.44 to Rs 782.40 for 2022, a growth of almost 2200 per cent over the period. Similarly, in the last 5 years, this Multibagger Penny Stock has risen from ₹4.49 to ₹782.40, an increase of about 17,325 percent over the same period.

Similarly, this Multibagger Penny stock has risen from ₹1.93 (Closing price on 10 Jan 2012) to ₹782.40 (Closing price on Jan 14, 2022), registering an increase of nearly 405 times in this period of almost a decade.

impact on investors

Taking cues from GRM Overseas share price history, if an investor had invested ₹1 Lakh in this multibagger penny stock a month ago, his ₹1 Lakh would have become ₹1.55 Lakh today. If an investor had invested ₹1 lakh in this rice milling penny stock 6 months back, his ₹1 lakh would have become ₹5 lakh today, while it would have gone up to ₹23 lakh in the past one year.

Similarly, if an investor had invested ₹1 lakh in this stock 5 years ago and had invested in it till date, his ₹1 lakh would have become ₹1.74 crore today.