Share Market News / 1 lakh became 11 lakh, this stock is facing upper circuit since last 6 months

Swadeshi Industries and Leasing Limited has created a stir in the stock market. In one year, it has converted 1 lakh into 11.5 lakh. This BSE listed company with textile and trading business has now become a multibagger. Continuous upper circuits and 1050% returns have made investors rich.

Share Market News: Investing in the stock market can be risky, but there are some stocks that give surprising returns to investors. One such stock is Swadeshi Industries & Leasing Ltd, which has made investors rich in recent months. Let us know the story of this multibagger stock and how it made investors rich overnight.

Continuous upper circuit speed

This stock has been witnessing tremendous growth for the last 6 months. On Friday also, the stock hit an upper circuit of 2% and its price reached Rs 27.93, which is its highest level in 52 weeks. This rise has surprised investors and this stock has become a topic of discussion.

Journey from 1 lakh to 9.5 lakh in 6 months

If you had invested Rs 1 lakh in this stock 6 months ago, today your amount would have become Rs 9.5 lakh. That is, a return of more than 850%! This figure shows the strength of this stock.

1 lakh became 11.5 lakh in 1 year

This stock has given a return of 1050% in the last one year. If you had invested Rs 1 lakh in it a year ago, then today your amount would have become Rs 11.5 lakh. That is, a profit of Rs 10.5 lakh in just 12 months!

The story of making a millionaire in 5 years

The most surprising thing is that if you had invested Rs 1 lakh in this stock in November 2020, when its price was just 29 paise, then today your amount would have been close to Rs 96 lakh. Yes, this stock could have made you a millionaire!

What does Swadeshi Industries and Leasing Limited do?

Swadeshi Industries and Leasing Limited is a company active in textile and trading business. This company is listed on BSE and has a market cap of around Rs 9.76 crore. The company is involved in clothing related business and trading activities, which has caught the attention of investors in recent times.

Caution before investing

Although this stock has proven to be a multibagger, investing in the stock market always comes with risk. Experts advise to do thorough research before investing in any stock, keeping in mind the company's fundamentals, market trends and your financial goals.