multibagger penny stocks for 2024, Multibagger Stock: Those who invested ₹ 1 lakh in this company of Tata Group got ₹ 12 crores! Gave such stellar returns – those who invested ₹1 lakh in Tata Elxsi shares got a…
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This is how investors became millionaires
Before the general budget, there is a decline in the stock market. Last Friday, both the BSE Sensex and Nifty closed on the red mark. However, despite the fall in the market, there was a boom in the shares of Tata Alexi. Shares of Tata Elxsi jumped up to 4 per cent. The market cap of Tata Elxsi is around Rs 41, 489.19 crore. This stock has made investors rich. Tata Elxsi made its debut in the stock market on 1 January 1999. Since then till now the price of the shares of the company has increased by more than 19 thousand. The company’s shares hit a 52-week high of Rs 10,760.
Company’s profit increased
The profit of the company has increased continuously. For the quarter ending December 2022 or Q3FY23, the company has achieved a revenue of ₹817.7 crore. The company had posted a revenue of ₹635.4 crore in the same period last year. According to Tata Elxsi, its total quarterly revenue has crossed the US$100 million mark for the first time. Last Friday, on the last day of the trading week, Tata Elxsi shares closed at ₹6662.10 on the BSE. It was up 0.99% from its previous close of ₹6596.80. The stock touched a 52-week high of ₹10,760.40 on (17/08/2022) and a 52-week low of ₹5,708.10 on (26/12/2022).
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This is how investors got rich
Shares of Tata Elxsi have made investors rich. This stock has consistently given excellent returns to the investors. Tata Elxsi shares were at ₹10.63 on 5 April 1996. At the same time, the market value of the stock has increased to an all-time high of 62,572.62 per cent. In this case, if an investor had invested Rs 1 lakh in Tata Elxsi shares in 1996, he would have got a total of 9,407 shares. If the investor had held these shares, the value of his investment of Rs 1 lakh would have increased to Rs 12 crore at present.
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