₹17 to ₹3317: Multibagger stock Waaree Renewable turns ₹1 lakh into ₹1.95 crore in five years
Multibagger stock: Money is not in buying and selling stocks but in waiting. That's why, a smart investor often advises new stock market investors to maintain a 'buy, hold and forget' strategy after choosing a stock for investment. This helps an investor to reap long-term benefits like dividends, bonus shares, stock splits, etc., and of course the compounding benefit on one's investment.
To understand, how a long-term investor can benefit from a long-term investment strategy, a stock market investor needs to look at the Waaree Renewable Technologies shares. Shares of Waaree Renewable Technologies Ltd are one of the multibagger stocks that the Indian stock market has delivered in the last one year. Also Read: Yes Bank Q3 results today: Shares traded flat, market expects healthy earnings This multibagger stock has remained a money-making stock for its shareholders for the last five years.
In this time horizon, this multibagger stock has surged more than 195 times, which means, if an investor had invested ₹1 lakh in this stock five years ago and had remained invested in it throughout this period, one's ₹1 lakh would have turned to ₹1.95 crore. In the last one month, this multibagger stock has risen from ₹1,816.50 to ₹3,317 per share level, logging more than an 80 per cent rise in this time. In the last six months, Waaree Renewable shares have surged from around ₹1,444.25 to ₹3,317 apiece level, registering over 125 per cent appreciation in this time.
In yTD time, this energy tech stock has ascended to the tune of 50 per cent. In the last one year, this multibagger stock has shot up from 495.50 to ₹3,317 per share level, recording over a 550 per cent rise in this time. Also Read: Buy or sell: Sumeet Bagadia recommends three
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