₹3.3 to ₹41: Penny stock turns multibagger in six months. ₹1 lakh turs to ₹12.50 lakh

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Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

Similarly, if a stock is good enough for investing, one shouldn't look at whether it's a small-cap, mid-cap or large-cap, or even a penny stock. On how a penny stock may make you rich in a short time, one needs to look at Rathi Steel and Power shares. Rathi Steel and Power shares are one of those penny stocks listed on Dalal Street, that have delivered stellar returns to its shareholders.

In the last six months, this penny stock has emerged as one of the multibagger stocks of India. In this time, this small-cap penny stock has risen from ₹3.30 apiece to ₹4.07 apiece level, delivering to the tune of 1,150 per cent to its long-term positional investors. Also Read: EPACK Durable IPO: GMP, subscription status, review, other details.

Buy or not? In the last one week time, this small-cap stock has touched the upper circuit on all sessions, delivering to the tune of over 8 per cent return to its investors. In the last one month, this multibagger stock has risen from ₹30.12 to ₹41.07 per share level, delivering around a 35 per cent return to its investors. Likewise, in the last six months, this penny stock has risen from around ₹3.30 to ₹41.07 apiece level, logging to the tune of 1,150 per cent in this time.