Thousands of per cent growth in recent years has been all about cryptocurrency-related investment. But even in the mumbai Stock Exchange, there are companies that have made several thousand per cent returns.
.jpg)
Investors have the ability to find such a company and predict its long-term growth. Such a company is a company that was just black on the mumbai Stock Exchange and today has given a profit like a diamond.
Simplex Papers
Simplex Papers does not know how many people know the name of this company, but people will be interested to invest in this company from Monday. Yes, 6,406 per cent growth in just one year, isn't it enough?
6,406 per cent growth
Shares of Simplex Papers, which stood at just Rs.0.80 now has leapt to 52.07. But investing in penny stocks like this, realizing that there is more risk involved.
1 lakh to 65.06 lakh
If you had invested Rs 1 lakh in Simplex Papers on december 3, 2020, your investment value would have increased to Rs 65.06 lakh this year. During the same period, the Sensex gained just 29.82 per cent.
52-week hike
Shares of Simplex Papers have grown by about 169.69 per cent in the last 21 days alone. The stock traded 4.94 per cent higher at Rs 52.05, a 52-week high of Rs. At the end of today's trading, the total market value of Simplex Papers was only Rs 15.62 crore.
LIC Company
LIC holds about a 12.91 per cent stake in the company. Similarly, Oriental Insurance Company holds a 1.70 per cent stake and about 9 financial institutions hold a 0.16 per cent stake.
