{"id":107132,"date":"2023-08-16T14:05:40","date_gmt":"2023-08-16T08:35:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107132"},"modified":"2023-08-16T14:37:07","modified_gmt":"2023-08-16T09:07:07","slug":"2-10-to-20-10-multibagger-stock-turns-1-lakh-to-9-lakh-in-a-year","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-10-to-20-10-multibagger-stock-turns-1-lakh-to-9-lakh-in-a-year\/","title":{"rendered":"\u20b9 2.10 to \u20b9 20.10: Multibagger stock delivers 900% returns and turns \u20b9 1 Lakh to \u20b9 9 Lakh in a year"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-488028976\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A New Year wish in Jan 2022 would be to make good profits on your portfolio. This would have fructified by 900% if one would have invested in a multibagger called Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET). Disruptive tech stocks have been the darling of stock markets but Spacenet has now come on our radar due to two reasons.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-983621765\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-past-performance\"><strong>Past performance:<\/strong><\/h4><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPCENET\/standalone\">Spacenet\u2019s<\/a> <\/strong>stock price shot up from about Rs. 2 per share to Rs. 20.10 per share and the performance of stock too has been remarkable during this period. It clocked a sales of Rs. 22 crs and it\u2019s EBIT shot up almost 2360%. Being a debt free company, It\u2019s profit has shot up 700% and the EPS too shot up by 400%. This solid base of past performance coupled up with promising future plans mentioned below make this a stock to watch out for.<\/p><h4 class=\"wp-block-heading\" id=\"h-future-prospects\"><strong>Future Prospects:<\/strong><\/h4><p>On 12-08-2023 the company made an announcement on the National Stock Exchange (NSE) about its intention to raise 100 Crores through Preferential Issue and the board has approved of the same. The board has also approved its investments in five burgeoning new age tech companies, focusing on Fintech, Neo Bank, AI, Proptech, and GameFi. These investments in new age technology firms will unlock substantial value for Spacenet\u2019s shareholders.<\/p><p>Spacenet\u2019s operations are not limited to providing services; they also build, invest in, and support fintech companies that power traditional finance (TradFi).<\/p><div class=\"trade-content_5\" id=\"trade-351317168\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>If an investor had invested Rs. 1 lakh in the company\u2019s shares a year ago, the value of their holding would have been close to Rs. 9 lakhs today. What is noteworthy is that the stock has a 52 week high of Rs. 30 a piece.<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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. <strong>This is a company release. No Trade Brains writer is involved in creation of this content.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1626494710\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A New Year wish in Jan 2022 would be to make good profits on your portfolio. This would have fructified by 900% if one would have invested in a multibagger called Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET). Disruptive tech stocks have been the darling of stock markets but Spacenet has now [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-107132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u20b9 2.10 to \u20b9 20.10: Multibagger stock delivers 900% returns and turns \u20b9 1 Lakh to \u20b9 9 Lakh in a year - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"A New Year wish in Jan 2022 would be to make good profits on your portfolio. This would have fructified by 900% if one would have invested in a multibagger called Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET). Disruptive tech stocks have been the darling of stock markets but Spacenet has now come on our radar due to two reasons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/2-10-to-20-10-multibagger-stock-turns-1-lakh-to-9-lakh-in-a-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u20b9 2.10 to \u20b9 20.10: Multibagger stock delivers 900% returns and turns \u20b9 1 Lakh to \u20b9 9 Lakh in a year\" \/>\n<meta property=\"og:description\" content=\"A New Year wish in Jan 2022 would be to make good profits on your portfolio. This would have fructified by 900% if one would have invested in a multibagger called Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET). 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