📈 Raj Rayon Share Price Soars to 22 Rupees, Investors Reap Massive Returns 🚀
In the stock market, many small companies have been giving investors bumper returns. One such share has turned investors into crorepatis, with a price that has surpassed 22 rupees from just 10 paise. Raj Rayon Industries Limited is the company behind this incredible growth.
Investors who have held onto their investment of 1 lakh rupees in Raj Rayon shares for a long time have seen massive returns. The stock has been on a bullish trend, and investors are hopeful that this upward trajectory will continue in the coming days.
On Wednesday, May 8, 2024, the share price of Raj Rayon Industries Limited saw a slight decrease of 0.23% to trade at 22.0 rupees. Over the past five years, investors in Raj Rayon shares have received returns of over 22,000%. The share price was a mere 10 paise on May 3, 2019, and those who invested 1 lakh rupees back then would now have a return of close to 2 crores.
Raj Rayon Industries’ share closed at 22.60 rupees on Monday. Last year, on May 5, 2023, the stock reached a high of 47.40 rupees. Since then, there has been a slight decline in the price. The company is involved in the production and trading of polyester chips and yarn.
Established as a public limited company on August 17, 1993, Raj Rayon has proven to be a lucrative investment for shareholders. While there have been fluctuations in the stock price in recent days, long-term investors have reaped significant profits. The number of investors who have invested 1 lakh rupees in the stock over the past 5 years has been steadily increasing.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
