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Multibagger Stock: This big private bank of the country gave thatch torn returns, 36 thousand made one crore!

Share Price: There is a lot of ups and downs in the stock market. However, despite this, people do not hold back from investing money in the stock market. On the other hand, in the stock market, investors sometimes gain and sometimes lose. There are many such stocks in the market which have given one-sided profits to the investors. At the same time, people have also earned better by investing in such stocks for the long term. It also includes a banking stock, which has given strong returns to its investors.

private bank

We are talking about HDFC Bank. In the last 22 years, HDFC Bank shares have given investors an opportunity to earn a lot of money. Also, people have a lot of trust in HDFC Bank. At present, HDFC Bank is counted among the best private banks in India. Crores of people have accounts in this bank and people are very much connected with this bank directly and indirectly.

split also happened

If we look at the share of HDFC Bank, then the share of the bank has also split in the year 2011 and 2019. Despite this, the stock has always moved upwards. On the other hand, if we talk about the present time, then on January 1, 1999, the share price of HDFC Bank was 5.52 paise. At the same time, now this stock is trading above Rs 1300 and has also hit a high of more than Rs 1700. 

so high

At present, the all-time high and 52 week high price of HDFC Bank’s stock is Rs 1725. At the same time, its 52 week low price is Rs 1271. In such a situation, if someone had invested Rs 36000 by buying 6000 quantity of this stock for just Rs 6 in the year 1999, then in today’s time he gets a profit of crores of rupees.

crores of profit

On the other hand, if 6000 shares bought for Rs 6 were sold for Rs 1725, then Rs 36,000 invested by the investor would have become Rs 1,03,50,000 in 22 years. On the other hand, even if these 6000 shares were sold at Rs 1350, a return of Rs 81 lakh would have been achieved. In such a situation, it can be believed that this stock has made investors rich in terms of long term investment.

(Disclaimer: Before making any kind of investment, consult experts. digitNews does not advise you for any kind of investment.)

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