New Delhi. The names of the stock market are becoming more than one record these days. There are many stocks which have given great returns to the investors in a short period of time. American billionaire and investor Warren Buffett once said about the stock market, “If you are not thinking of owning a stock for ten years, then think about owning it for ten minutes.” Don’t even think about it.”
The Chairman and CEO of Berkshire Hathaway firmly believes that one’s preferred holding period should be forever. Therefore, if one wants to earn money from the stock market, then he should remember that money is not in buying and selling, but in holding. A recent example of this is- Deepak Nitrite Share.
Share price increased 115 times in a year
According to Live Mint, this chemical stock has grown 115 times in the last 10 years from Rs 18.50 per share level (NSE closing price on 19 August 2011) to ₹ 2,141.90 per share level (NSE closing price on 13 August 2021) Has gone. This week Deepak Nitrite was in selling pressure like any other small-cap or mid-cap stock, but, it managed to climb up around 1 per cent during this period.
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Share came at Rs 2141.90
In the last one month, the chemical stock has jumped close to 9.50 per cent after rising from the ₹1958.35 per stock mark to ₹2141.90 levels. Similarly, in the last 6 months this stock has increased from ₹1178.80 per stock level to ₹2141.90 and is giving almost 80 percent returns to its shareholders.
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2,000 percent return given in 5 years
This stock is one of the multibagger stocks in 2021 as it has given 265 per cent returns in this period. In last 5 years, Deepak Nitrite share price has increased from ₹102.50 per stock level to ₹2141.90. Around 2,000 per cent returns have been registered in this period. On the other hand, if we look at the increase in the share price of Deepak Nitrite in the last 10 years, then it increased from ₹ 18.50 per stock mark to ₹ 2141.90 level. Its share price increased by about 115 times.
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Orignally published at Tailored Stash
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