Multibagger Stock: The person who invested ₹ 33,000 in this stock also became a millionaire, there was a strong jump after the quarterly results

Highlights

In 26 years, the stock of Britannia has given 31355 per cent returns to the investors.
The stock has gained 72 per cent in the last 5 years.
After the excellent results of September 2022 quarter, the stock has gained further momentum.

New Delhi. There are some such stocks in the Indian stock market, which have given bumper profits to investors in the long term. The name of Britannia Share, the biscuit maker of Wadia Group, is also included in the list of these multibagger stocks. The investors who reposed faith in the company in the long run, today their bats have come to a standstill. The share price of the company has increased from Rs 13.47 to Rs 4,237 in 26 years.

After the excellent results of September 2022 quarter, the stock has gained further momentum and has made its record high. The company’s market share has also reached a 15-year high. The next trading day after the results, buying in the shares also increased and on Monday 7 November, this stock jumped up to 10 percent. Today, this stock has seen a slight decline in intraday and it was trading at a level of Rs 4,099.55, down 0.86 percent on NSE.

 

Company’s business is growing for 38 consecutive quarters
FMCG giant Britannia’s business has grown in 38 consecutive quarters and the market share has reached a record high of 15 years. Consolidated net profit grew 28 per cent year-on-year in July-September 2022. The company has received a consolidated net profit of Rs 490 crore in the September 2022 quarter. Analysts had predicted a profit of Rs 451 crore, but it exceeded their estimates.

Also read- Great listing of DCX Systems, 39 percent profit made to investors as soon as they come in the market

Bumper returns given to investors
In the long term, this stock has given bumper returns to the investors. In the last 26 years, the stock of Britannia has given 31355 per cent returns to the investors. In the last 5 years, this stock has given 72 percent return to the investors. The stock has gained almost 9 per cent in the last one month. Similarly, this stock has gained 28 percent in 6 months.

33 thousand person became millionaire
The shares of Britannia were on 22 March 1996 at a price of Rs 13.47 (Britannia Industries Share Price). In November 2022, it has reached a record level of 4,237. If an investor had invested only 33 thousand rupees in this stock 26 years ago, then today he would have been a millionaire and the value of his investment would have been Rs 10,380,178.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. News18 is not responsible for any profit or loss caused by you. Will happen.)

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