Everyone dreams of owning a stock that provides multibagger returns, but finding such a gem is no easy task.
However, there is one exceptional stock that has consistently delivered outstanding returns to its investors and continues to show significant growth.
Let’s find out more about it.
Jay Bharat Maruti: A Wealth Creator
In our share story series today, we focus on Jay Bharat Maruti, a company whose stock has made investors wealthy.
At one point, this stock was priced at less than Rs. 3, but it has now surged beyond Rs. 300.
Stock Boom and Decline
Back on November 23, 2000, the share price stood at Rs. 2.14. Over time, the price experienced steady growth, and in 2017, it reached the Rs. 300 mark for the first time.
However, the stock later witnessed a decline, with prices falling below Rs. 60 in 2020.
A Glorious Comeback
Despite the setback, Jay Bharat Maruti’s stock is now on a remarkable upswing.
As of August 4, 2023, the closing price on NSE was Rs. 324.90. The stock’s 52-week high is Rs. 343.90, while its 52-week low is Rs. 128.05.
For investors who purchased this stock at Rs. 3 in 2000, an investment of Rs. 3 lakh would have yielded one lakh shares.
Presently, those one lakh shares would be valued at a staggering Rs. 3.24 crore, considering the current price of Rs. 324.
Jay Bharat Maruti continues to impress with its growth potential, making it an attractive prospect for investors seeking substantial returns.
