Multibagger Stocks 18 April 2024 ๐๐ฐ
Investing in the stock market and earning a good amount of money is becoming increasingly popular among people. Despite the risks involved, many people take the plunge and invest with the goal of achieving good returns. In the Indian stock market, there are several stocks that have changed the fortunes of investors by providing bumper returns. One such stock has turned investors into crorepatis in just three years.
Tinna Rubber and Infrastructure Limited, a company involved in the tire business, has delivered a whopping 4,420% multibagger return in just three years. Within the past year, the company’s shares have surged by 279%, and during this period, the stock has enriched shareholders with over 4,000% returns. The company’s shares closed at โน807.30 on Tuesday with a high of โน846 and a low of โน192.65. On Thursday (April 18, 2024), the stock was trading at โน833, up by 3.18%.
If an investor had invested โน10 lakh in the company three years ago and held onto it, the total value of the investment would have been โน4.42 crore with a return of 4,420%. In other words, investors receive returns of millions on their investments. According to ET reports, the technical setup of the company’s shares is strong, trading on various important time frames of moving averages.
Tinna Rubber and Infrastructure Limited is a leading tire material recycling company in India with over 40 years of experience. The company boasts five modern recycling plants that convert rubber from old tires into essential materials for new tires using environmentally friendly technology. These products are primarily used in the road maintenance, tire, and auto parts industries.
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