You can also make big money from the stock market, however, you need to have patience. Investing in stocks is similar to investing in a business. According to Charlie Munger, a stock should be held as long as possible. According to stock market experts, investors can get great returns in the long term and the risks are also reduced. We are talking about a stock that made its shareholders rich by giving a multi-bagger return of 18,000 percent. The name of this stock is Rama Phosphates.
18,000 return in 19 years
This multibagger stock has been in the grip of selling for the last month. The share price of Rama Phosphates has fallen from ₹400 to ₹361 levels, a decline of almost 10 percent in this period. The stock has remained stable for the last 6 months and has been able to give returns of only 8 percent to its shareholders. However, in the last year, this multi-bagger stock has given a return of 235 percent after rising from ₹108 to ₹361 levels. Similarly, in the last 5 years, the share price of Rama Phosphate has risen from ₹75.95 to ₹362 levels. There has been an increase of about 380 percent in this period. In the last 10 years, the price of this multi-bagger share has increased from around 51 to 362, registering a growth of 610 percent in this period. However, in the last 19 years, the stock has risen from ₹2 (closing price on BSE on 13 March 2003) to ₹362 levels, registering a growth of nearly 18000 percent in this period.
investors have become rich
Taking cues from the share price history of Rama Phosphate, if an investor had invested ₹1 lakh in this multi-bagger stock a year ago, its ₹1 lakh would have become ₹3.35 lakh today, while it would have been ₹4.80 in 5 years. Lakhs would have been Rs. If an investor had invested in this stock 10 years ago, then his ₹ 1 lakh would have become ₹ 7.10 lakh today. Similarly, if an investor had invested in this multi-bagger penny stock 19 years ago and maintained his investment in this stock till this period, his ₹1 lakh would have become ₹1.81 crores today.
The target price is Rs 550
Stock market experts are still bullish on this stock. He believes that the stock is currently trading with a positive outlook. According to market experts, this multi-bagger stock will reach the level of ₹550 per share in the short to medium term. Anuj Gupta, Vice President, IIFL Securities said, "Rama Phosphate stock is trading in the range of ₹300 to ₹400 for since last 8 months. Trading from both sides can give rise to the stock. As this multi-bagger stock is going long. Term trend is positive. According to Anuj Gupta, investors can buy downside levels with a stop loss at ₹274 for a short-term target of ₹400 to ₹450. The stock may reach ₹500 to ₹550 levels .'
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