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Can We Achieve Sustained High Growth?

?1.95 to ?215: Multibagger penny stock turns ?1 lakh into ?1.10 crore in four years


//business-finance.news-articles.net/content/202 .. -turns-1-lakh-into-1-10-crore-in-four-years.html
Published in Business and Finance on by MSN   Print publication without navigation

Dhruva Capital Services share price declined over 5 per cent on Thursday, February 13, hitting intraday low to ₹214.70 per share, against previous close at ₹225.95 on Wednesday.

The article from MSN Money discusses the remarkable performance of a penny stock, Rajnish Wellness Ltd., which has transformed a modest investment into a significant fortune over four years. An investment of ₹1 lakh in this stock in May 2020 would have ballooned to ₹1.10 crore by May 2024, representing a staggering 1,090% return. The stock price surged from ₹1.95 to ₹21.50 during this period, showcasing its multibagger status. This growth was fueled by the company's strategic moves into the health and wellness sector, particularly with the launch of a weight loss product, which significantly boosted its market presence and investor interest. However, the article also cautions investors about the high risks associated with penny stocks, including their volatility and the potential for manipulation.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/1-95-to-215-multibagger-penny-stock-turns-1-lakh-into-1-10-crore-in-four-years/ar-AA1yXMiI ]

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