This multibagger share is the king of long term investment, made Rs 1 lakh more than Rs 1 crore in 5 years

Long term investment is considered to be the best way to earn money in the stock market. However, sometimes some stocks give good returns even in the short term, but the benefits of long term investment are always the highest. The latest example of this is the shares of Praveg Limited, which made its investors rich in five years.

Five years ago the share price of Praveg Limited was only Rs 4.34, which has now increased to Rs 730 per share. During this period, this stock gave a bumper return of about 15,700 percent. If someone had invested Rs 1 lakh in this share five years ago, its value today would have been around Rs 1.68 crore.

Stock growth story

The shares of Praveg Limited have shown tremendous growth in the last few years. In three years, its price has increased from Rs 139 to Rs 730, which is a growth of about 5.25 times. However, if we talk about the last five years, this stock has given multibagger returns to the investors.

Performance in 2024

A slight decline was seen in the performance of Praveg Limited in 2024. This stock is in base building mode. The stock has declined by about 16 percent in the last six months, while in YTD (Year to Date) it has declined by about 8 percent. It did not give any special return in a month, but long term investors still got huge benefits from it.

How did Rs 1 lakh become Rs 1.68 crore?

If an investor had invested only Rs 1 lakh in this stock five years ago and held it continuously, today his total amount would have been Rs 1.68 crore. This is a big opportunity for any investor in the multibagger return market.

Short term decline, long term gains.

Even though the performance of this stock has declined in recent months, long term investors have made huge profits from it. Experts believe that it is important to be patient while investing in such stocks.

Lessons for investors

The success story of Praveg Limited stock teaches us how long term investment can yield huge profits. However, there is always risk in the market, so it is important to have a strategy to choose the right stocks and hold them for the long term. Stock market experts say that to identify such stocks, the fundamentals and growth potential of the company should be assessed. For investors, Praveg Limited stock is an inspiration that investment made at the right time can give big returns in the future.

Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)

Also read: This share is the brother of Alcid Investment and Shri Adhikari Brothers, made 93 thousand worth more than 4 crores