Multibagger penny stock: Investing in a penny stock is considered to be very risky as such stocks can appear to be circuit on circuit on any positive or negative news. However, investors with high risk appetite tend to bet on penny stocks with low liquidity for strong returns in the short run. SEL Manufacturing Company is one such stock. This penny stock in the smallcap segment has proved to be a multibagger. In the last 3 months, the stock has covered a journey of Rs 209.85 from Rs 9.75 (Closing Price of 16 November 2021). In these 3 months, it has given returns of more than 2000 percent.
Looking at the share price history of this multibagger penny stock, in the last one week, this stock has increased from Rs 172.75 to Rs 209.85. It has seen an increase of 21.50 per cent in this period. In the last 5 trading days of the last week, this stock has seen an upper circuit. At the same time, the stock of SEL Manufacturing Company has increased from Rs 72 to Rs 209.85 so far in 2022. So far in 2022, this stock has given a return of 190 per cent.
In the last 2 months, this multibagger stock has increased from Rs 24.95 to Rs 209.85. The stock has given a return of 740 per cent during this period. At the same time, in the last 3 months, this stock has increased from Rs 9.75 to Rs 209.85. The stock has gained nearly 2000 per cent in this period.
This multibagger stock saw a rise of 143% in 1 year, know what is Edelweiss’s opinion on this stock
In such a situation, if someone had invested Rs 1 lakh in this smallcap stock 1 week ago, then today he would have been getting Rs 1.21 lakh. Similarly, if someone had invested Rs 1 lakh in this stock 1 month ago, then today he would have been getting Rs 2.90 lakh. On the other hand, if someone had invested Rs 1 lakh in this stock 2 months ago, then today he would have been getting Rs 8.40 lakh instead of his Rs 1 lakh.
Similarly, if someone had invested Rs 1 lakh in this stock 3 months ago, then today he would be getting Rs 21.50 lakh instead of his Rs 1 lakh.
Let us inform that SEL Manufacturing Company is a smallcap company whose current market cap is only 6 crores. It is currently looking closer to its all-time high. Its 52 week low is Rs 1.35. Its current trend value is 7 while its average volume 20 days ago was 183.
Stock market experts say that it is a high beta stock and currently it has converted into circuit to circuit stock and its volume is almost nil. Traders with high risk appetite will also not have any fresh buy advice in this Multibagger Penny stock at this time.