Amazing solar energy company, this is how he became a millionaire in 5 years - Newztezz Online

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Saturday, January 27, 2024

Amazing solar energy company, this is how he became a millionaire in 5 years

Many companies have given multibagger returns in the last few years. From a few rupees today their value has reached thousands of rupees. Today we are going to talk about one such stock, which was priced at Rs 17 five years ago and has come down to Rs 3,317 today.

The real fun of penny stocks is not in buying and selling but in weighing. Therefore, experts often advise new stock market investors to adopt the policy of 'buy, hold and forget' after selecting a stock for investment. With this, the investor gets long term benefits like dividend, bonus shares, stock split etc.

One such share has become quite popular among the common people. The name of this company is Vaari Renewable Technologies. Shares of Waari Renewable Technologies Limited are one of those multibagger stocks which have given excellent returns in the Indian stock market in the last one year.

This multibagger stock has remained a money-making stock for its shareholders for the last five years. During this period, an increase of more than 195 times has been seen in the multibagger stock. Which means that if an investor had invested Rs 1 lakh in this stock five years ago, the value of that investment would have been Rs 1.95 crore.

How did the company's share increase?

In the last one month, this multibagger stock has increased from Rs 1,816.50 to Rs 3,317 per share. This means that the company's shares have seen an increase of 80 percent.

In the last six months, the shares of Waari Renewable have increased from around Rs 1,444.25 to Rs 3,317 per share, a growth of 125 per cent during this period. In the current year, the company's shares have seen an increase of 50 percent.

In the last one year, this multibagger stock has increased from Rs 495.50 to Rs 3,317 per share, during which it has registered a growth of more than 550 percent.

In the last 5 years, this multibagger stock has grown from around Rs 17 to Rs 3,317 per share, an increase of more than 19,400 per cent during this period.

This is how he became a millionaire

If we look at the Vari Renewable Technologies share price history, if an investor had invested Rs 1 lakh in this multibagger stock a month ago, the value of those shares would have become Rs 1.80 lakh.

If an investor had invested Rs 1 lakh in this stock six months ago, its value would have become Rs 2.25 lakh.

If an investor had invested in this energy stock at the end of December 2023, his Rs 1 lakh would have become Rs 1.50 at present.

Similarly, if an investor had invested Rs 1 lakh in this multibagger stock a year ago, its value would have been Rs 6.50 lakh.

Similarly, if an investor had invested in this multibagger stock 5 years ago, that Rs 1 lakh would have become Rs 1.95 crore today.

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