In a span of six months, the shares of Kaiser Corporation have made investors rich. The share price of this penny stock increased from ₹0.42 on 14th October 2021 to ₹47.15 per share on Monday, 28th March 2022, thereby giving multi-bagger returns of 11126.19%. The value of ₹1,00,000 invested in this share 6 months ago is worth ₹11,226,190 today!
If we consider the data from the beginning of 2022, the share was trading at ₹2.92 apiece on the BSE, and in three months it has given returns of 1514.73%. ₹1,00,000 at the beginning of January would have been worth ₹16,14,730 today.
Penny stocks are available at very low prices as compared to other shares and tend to give multi-bagger returns. However, they involve a lot of risks. In general, Investors are advised not to invest in such companies as they come with high risk.
Kaiser corporation was established in Mumbai in September 1993 and it became a public limited company on March 15, 1995, under the name of Kaiser Press Limited. It changed it name to Kaiser Corporation Limited on 5th November 2013. The company is engaged in the business of labels, stationery articles, magazines and cartons. KCL through its subsidiaries also deals in engineering goods, electric and mechanical heat tracing and turnkey projects.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
