by Suryaa |
Investing in penny stocks is very risky. Volatility is high due to low liquidity. But if its fundamentals are strong .. it will give good returns to its shareholders. Cosmo Ferrite's shares are a good example of this. It is one of the multibagger penny stocks in 2021. The multibagger stock is expected to touch Rs. 12 to Rs. 240, offering 2,000 percent return to its shareholders.
Most smallcap and midcap stocks have given huge returns to investors this year. Investors made good profits in the record level boom in the market. Over the past one month, this multibagger penny stock has risen to Rs. 225.70 to Rs. 240. Gave a return of almost 6 per cent. Penny stock price has risen to Rs 240 from Rs 28.30 in the last 6 months. Recorded a growth of 750 per cent during this period. In the year 2021 this multibagger stock increased 20 times. Its value has increased from Rs 12 to Rs 240.
Multibagger penny stock is one of the alpha stocks in 2021. This year the stock has delivered 2000 per cent return to its shareholders. During this period, the NSE Nifty yielded nearly 23 per cent, while the BSE Sensex gained 21 per cent. Therefore, the major benchmark indices are the Nifty, the Sensex and the penny stocks are expected to return much higher in 2021. If an investor had invested Rs.1 lakh its value is now Rs. 1.06 lakhs. If an investor invested Rs 1 lakh in this multibagger stock 6 months ago, today it is Rs 8.50 lakh.
With three decades of expertise in soft ferrite core production, high quality standards, Cosmo Ferrites is recognized worldwide. Has a wide distribution network in Europe, Asia, North America, Latin America and Oceania.