News > Multibagger penny stock turns ₹1 lakh to ₹59 lakh in 2 years

Multibagger penny stock turns ₹1 lakh to ₹59 lakh in 2 years

LiveMint | 09/02/2022 11:20 AM | Click to read full article

Investing in penny stocks is risky as a small trigger for the company leads to high volatility in its stock price. When the fundamentals of the company are strong and a big brand and brand value is standing behind it, stock market investors with a high-risk appetite would find no harm in investing in such penny stocks.

The multibagger penny stock has surged from ₹ 3.05 apiece levels (close price on 7th February 2020 on NSE) to ₹ 180.80 levels on 8th February 2022, clocking around a 5800 per_cent rise in the last 2 years.