Multibagger Warehouse: Despite the global economy reeling under the heat of the pandemic and recession fears, the Indian stock market has produced a large number of multibagger stocks in recent years. Deepak Nitrite stock is one such stock. Multibagger chemical stock has been selling off for the past year or so but despite such consolidation, Deepak Nitrite stock has provided excellent returns for its positional investors.
In 10 years ago, Deepak Nitrite stock price ascended from 16.95 to 2,030 each on the NSE, yielding 11,875% returns to its positional investors who remained invested in the scenario throughout this period.
Deepak Nitrite stock price history
As mentioned above, this chemical stock has been selling off throughout the year, delivering zero returns in the past year and into 2022. Year-to-date, this multibagger stock has dropped more than 20% while in the past year it has dropped. about 5%. However, in the past 5 years, Deepak Nitrite stock price has increased from about 145 to 2,030 levels each, yielding 1,280 percent returns to its shareholders. Similarly, in the past 10 years, this multibagger chemical inventory has increased 119 times.
Impact on investment
Get an indication from Deepak Nitrite stock price history, if an investor has invested 10,000 in this chemical stockpile by early 2022, 1 thousand may have turned to 80,000 while it will move to 95,000 in the past year. However, if an investor has invested 10,000 in this multibagger repository 5 years ago, 1 thousand may have turned to 13,80 thousand. Similarly, of an investor who has invested 10,000 in this warehouse about 10 years ago, 1 thousand may have turned to 1.19 crore today.
The current market capitalization of this chemical multibagger stock is 27,985 crore and the volume in early Friday morning trades was around 4.88 lakh. Its 52-week high is 3,020 while the 52-week low is 1,681.15 each. Its book value per share is 244.77.
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