• Multibagger stock: ₹1 lakh in this small-cap stock would have turned ₹1.25 lakh in last one month
Multibagger stock: Hemang Resources is one of those Dalal Street stocks which has beaten investors' expectations by a wide margin. This small-cap multibagger stock has given 21-bagger returns after rallying from around ₹3 to ₹66 per share. Small-cap stocks have delivered such tremendous returns in a year that has been extremely turbulent for equity investors due to rising global inflation, geopolitical tensions and aggressive central banks across the world.
Hemang Resources share price history
Shares of Hemang Resources, formerly known as Bhatia Industries & Infrastructure Ltd, have rallied nearly 20 per cent in the last one month. The small-cap stock has given stupendous returns to its shareholders in the last six months as it has grown from ₹51 to ₹66 per share, giving a return of nearly 30 per cent to its shareholders. In year-to-date (YTD) time, this 2022 multibagger stock has gained from around ₹3 to ₹66 per level, giving its investors around 2100 per cent return in YTD time.
impact on investment
Taking a cue from the share price history of Hemang Resources, if an investor had invested ₹1 lakh in this small-cap multibagger stock a month ago, his ₹1 lakh would have turned into ₹1.20 lakh today. Had an investor invested ₹1 lakh in this stock six months ago, his ₹1 lakh would have become ₹1.30 lakh today. However, if an investor had invested in this multibagger stock in early 2022, his Rs 1 lakh would have become Rs 22 lakh today.
bonus share effect
However, the stock is one of the bonus bearing stocks. It did ex-bonus business in July 2011 by paying 3 bonus shares for every share held by its shareholders. Therefore, if an investor had invested ₹1 lakh in this stock during the stock correction in April 2011, he would have got the stock at around ₹12.25. This means that the investor would have got 8,163 shares of the company. These 8,163 shares would have increased to 32,652 shares after the 3:1 bonus issue. If the investor had stayed invested in this stock during this entire period, his ₹1 lakh today would have become around ₹22 lakh.
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