Multibagger penny stocks are available at low prices and surge to give high returns. Initially, they have very low market capitalization, are mostly illiquid and tend to be highly risky and volatile.
SEL Manufacturing Company Limited is a small-cap listed company whose share price surged from ₹1.14 apiece (on 8th March 2021) to ₹177.70 (as of 28th February 2022).
In a span of less than one year, it gave its investors 15487% returns.
1 lakh turns to 1.56 Crores in less than one year!
Those investors who bought the shares on 8th March 2021 and sold it today at its 52-week high, clocked 15487% returns. For example, an investment of ₹1 lakh would have been worth ₹1,55,87,000 today!
The share price of this company reached its 52-week high of ₹177.70 apiece on the BSE (Bombay Stock Exchange) today and closed at ₹169.25 per share. Its 52-week low is at ₹1.14 apiece.
Currently, this multi-bagger stock has a free-float market capitalization of ₹5.89 crores on the BSE and has a trading volume of 21.
According to stock market experts, this stock has turned ‘circuit to circuit’ with very low or negligible volume. It is a high beta stock and even aggressive traders are advised to abstain from taking fresh positions in this multi-bagger stock.
SEL Manufacturing Company Limited trades only on the BSE.
