Multibagger stock: Investment of Rs 1 lakh in this stock would have fetched you over Rs 10 lakh in just one year!

The Indian benchmark indices have been on a tear as Nifty gained over 130 per cent from the lows of March. Moreover, during the bull run, the benchmark indices have never witnessed a correction of over 10 per cent.   

Nifty has logged a fresh all-time high on Wednesday and apart from this, many other stocks were seen buzzing on D-Street.   

However, there is one stock that has been away from the limelight and proved to be a dark horse as it delivered astonishing returns in the last one year.   

The stock name is Hindustan Everest Tools. It got locked at a 5 per cent upper circuit on BSE and has closed at Rs 880.70 on Wednesday. Interestingly, the stock has rewarded its shareholder with phenomenal returns of 959 per cent in the last one year. Moreover, it has outperformed BSE Smallcap index hands down.   

An investor, who would have invested a total sum of just Rs 1,00,000 in this stock a year ago, would have fetched you about Rs 10.35 lakh today.   

Hindustan Everest Tools is a leading manufacturer & exporter of quality hand tools in India. The company established its plant in the year 1962 with German collaborator named Dowidat Werke Willi Dowidat of Federal Republic of Germany. Its German collaboration ended in the year 1974 and since then, the company has been marketing the widest range of hand tools in Everest Brand.    

The company has been marketing high-quality hand tools for over four decades to most quality-conscious buyers in the country and abroad. Its products are certified by GS VPA Remscheid, Germany.