Five stocks that turned Rs 1 lakh to Rs 1 crore in a matter of time
Patience is one of the biggest virtues you need to have if you want to become a millionaire in the stock market. And along with knowledge, it is the key to success.
Renowned investor and billionaire Warren Buffett was once quoted as saying, “If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes”. In this post, I would be giving examples of five such stocks which changed the fortunes of many investors. Finding stocks that can multiply many times their original cost of investment, commonly referred to as multi-baggers, is the holy grail for all investors.
Let’s take a look at five stocks that have turned Rs one lakh of investment into more than a crore in the past 11 years.
1. Avanti Feeds:
Avanti Feeds (AFL) has marked its presence in the field of aquaculture by engaging in manufacturing high-quality feed for shrimps, operating the Vannamei hatchery, and processing and exporting shrimps. In April 2010, Avanti Feeds’ share price was at Rs 1.6 per share and currently, the stock is trading around Rs 562. The company has delivered returns of 35,019 per cent in the last 11 years. A lakh invested then would have become more than Rs 3.5 crore today.
2. Bajaj Finance:
Bajaj Finance is mainly engaged in the business of lending. It has a diversified lending portfolio across retail, small and medium enterprise (SME) and commercial customers with a major presence in urban and rural India. The company’s price has shot up from Rs 33 per share to Rs 7,508, logging around a 22,652 per cent rise in the last 11 years. If you had invested Rs 1 lakh in the company, it would have become Rs 2.3 crore at the current valuation.
3. Atul Limited:
Atul Ltd is a diversified and integrated Indian chemical company that is a part of Lalbhai Group, Gujarat. Over the last 11 years, the company has given stellar returns of 10,097 per cent. In 2010, the price of the stock was at Rs 91.3. It’s now trading around Rs 9,309 on the BSE. An investment of Rs one lakh would have fetched an investor worth over a crore today.
4. PI Industries:
PI Industries is a leading player in the agro-chemicals space, having a strong presence in both domestic as well as export markets. The company’s shares have delivered a return of over 10,900 per cent in the last 11 years. PI Industries share price which stood at Rs 31 in April 2010, rose to Rs 3,410 during the period. An investment of 1 lakh in this stock in 2010 would now have turned to Rs 1.1 crore today.
5. Astral Poly Technik:
The company is engaged in the production of plastic products. The company and its subsidiaries are engaged in the manufacturing and trading of pipes, fittings, and adhesive solutions. The company’s share price has zoomed from Rs 12.6 in April 2010 to Rs 2,117 on BSE, thereby giving a return of 16,701 per cent. Investment of Rs 1 lakh in the Astral Poly Technik stock 2010, would have returned Rs 1.7 crore today to an investor.
It should be noted that all necessary due diligence should be done before investing in a particular stock.