๐ Raj Rayon Share Price Soars to 22 Rupees, Investors Reap Massive Returns ๐
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.
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