Multibagger shares attract a lot of people. Especially retail investors keep running after them. However, it is very difficult to tell which stock is going to prove to be a multibagger in the coming days. Today, we have come again with the story of a tremendous multibagger stock, which has spread such brightness in the stock market that everyone has faded in its glare.
1.5 crores made of lakh rupees
This is the story of the share of Waaree Renewable Technologies Ltd. This stock is at the top of the list of those who proved to be multibaggers in the last few years. The stock of Vari Renewable Technologies has given more than 15000 per cent returns during the last three years thus making its investors millionaires.
Based on this return, it can be said that if an investor had invested Rs 1 lakh in the shares of Vari Renewable Technologies Limited 3 years ago and retained his holding, the value of shares of the company held by him today would be more than Rs 1.50 crore. Would have been
This is how this stock shined
The share of Vari Renewable Technologies was trading around Rs.8 only 3 years ago. Now after the end of Friday’s trading, this share has closed at Rs 1,304.85. In this way, in the last three years, the price of this share has increased by more than 15 thousand percent. In other words, this stock has shown a gain of more than 157 times in the last three years.
Multibagger returns even in 6 months
This stock has been rising continuously. It registered a gain of about 5 per cent in Friday’s trading. During this week, its price has gone up by about 17 percent. Similarly, the share of Waaree Renewable Technologies has given excellent returns of 35% in the last one month, about 165% in 6 months and 335% in one year. In this way, it has proved to be a multibagger even in the last 6 months.
Company engaged in solar business
This company is active in Solar EPC business. It was earlier known as Sangam Renewables Limited. It is a part of Vari Group. The company has so far installed more than 10,000 solar projects and its total operating capacity is more than 600 MW. This month the company got a big solar project. The company is going to install 100 MW capacity solar plan under this order.
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