Multibagger: This small-cap stock turned ₹10,000 into ₹14.4 lakh in 10 years

livemint.com:

Tips Industries, one of India’s leading entertainment companies is one such stock that has managed to maintain a consistent upward trajectory over the last five calendar years, delivering steady returns to its investors. Also Read: Q3 results review: PL adds IndiGo, Astral, ups exposure in RIL, Airtel; cuts weight of HDFC Bank, ITC in model portfolio The company's shares saw significant growth over the years, with a 47% increase in CY19, followed by a remarkable surge of 252% in CY20. This positive trend continued into CY21, with a return of 487%.

However, in CY22, the stock experienced some profit booking, resulting in a marginal drop of 5.44%. CY23 witnessed a strong rebound, with a gain of 93%, and the momentum has persisted in the current year (CY24), with the stock spiking another 52% so far. Reflecting on the past decade, the stock has experienced a remarkable ascent, climbing from ₹3.60 apiece to the current trading price of ₹519, delivering an impressive return of 14,316% to its shareholders.

For investors who remained invested during this period, an initial investment of ₹10,000 would have grown to ₹14.40 lakh. Also Read: Multibagger penny stock turns ₹1 lakh to ₹3.81 crore in 5 years Tips has been engaged in the business of the creation and acquisition of audio-visual content for music and the digital exploitation of audio-visual content library digitally in India and overseas through licencing on various distribution platforms. One of the strongest assets of TIPS is its rich and evergreen music collection.