Multibagger stock: Investing in cash stocks is very risky because individual development in the company leads to high volatility of the counter. However, if the company’s fundamentals are strong and its business model is promising, one can expect a bumper stock return in no time. Simplex Papers’ post is a stark example of this. These paper products make the company’s stock soar from R1 R71.30 per level in the past year, yielding a return of more than 7,000 percent for its shareholders in this time horizon.
Therefore, those who wanted to become a stakeholder in one year, this could have been one of the best options for such investors. If the amount available to invest was small, it would surely make the investor a wealthy individual at a faster rate.
Simplex Papers stock price history
Shares of Simplex Papers have been in a big sell-off over the past month. In the past week, the multi-currency stock has hit a low circle in all five trading sessions. In the past week, it has fallen nearly 14 percent. Last month, the brown stock price reached an all-time high R122.70 levels and after that it was under selling heat. The multibagger stock has given only 2.50 percent of the proceeds to its shareholders. Similarly in the past six months, this multi-page cash stock has risen from R4.41 to R71.30, up 1,500 percent in the period.
Similarly, in the past year, the stock of multi-pig shark increased from R1 R71.30 per level, marking a rise of more than 7,000 percent in the period.
Impact on investors
Taking a signal from Simplex Papers stock price history, if the investor has invested R1 lakh in this multi-page penny stock 1 week ago, it R1 lakh has turned into R86 lakh today while it can be tuned to R1.02 lakh in one month. If the investor has invested R1 lakh in this stock since 6 months ago, its R1 lakh has turned into R16 lakh today.
Similarly, if the investor has invested R1 lakh in this multi-page penny stock 1 year ago when buying 1 stock at a price R1 piece for her R1 lakh has turned around R71 lakh today, provided the investor remains invested in the counter throughout this period.
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