Multibagger Stock: A penny stock of Rs 7 reached Rs 2,400 in just 12 years. In the long term, this share has turned Rs 1 lakh into more than Rs 3 crore. Know what is the name of the share and what has been its return history…
Multibagger Penny Stocks: Every investor dreams of earning money in the stock market, but there are very few stocks that can change one’s life. One such name is V2 Retail. This share, which was once available for just around Rs 7, is today trading at thousands of rupees and has made long term investors into millionaires. The value of those who invested just Rs 1 lakh in this share is more than Rs 3 crore today. Know the return story of this penny multibagger stock…
How did the journey of V2 Retail begin?
V2 Retail is counted among the fastest growing retail companies in India. The company sells clothing and lifestyle products and has established its strong presence from small towns to big markets. In the last few years, the company’s business has seen continuous growth, which has had a direct impact on its share price. Since March 2023, V2 Retail’s shares have witnessed a tremendous rise. During this period, the market fell several times, but this stock kept moving forward without any major correction. The result was that the stock gave an excellent return of about 3,421%.
V2 Retail Share: New record made every month
In the last 25 months, the stock closed in the green most of the time. It jumped by about 44% in June 2024, while it rose by 28% in December 2024. Recently the stock also crossed the ₹2,500 mark and created a new record. The rise in shares also took the value of the company to the sky. Today, the market cap of V2 Retail is around ₹8,869 crore, which makes it one of the strong players in the retail sector.
Penny stock becomes multibagger
If seen in the long term, this stock is even more surprising. In the last 12 years, the stock has given positive returns for 8 years. Of these, there were four years when it gave multibagger returns. The year 2024 was the best, when the stock rose by about 464%. The share which was available at ₹7.35 in 2013, closed at ₹2,400 on Wednesday. That means the stock has given a return of more than 33,000% during this period.
How did 1 lakh become 3 crores?
If an investor had invested only ₹ 1 lakh in this share 12 years ago and held it till date, its value would have been around ₹ 3.30 crore. This is the reason why V2 Retail is being considered the biggest wealth creator in recent years. The special thing about this share is that the participation of retail investors in it is very high. Retail investors hold about 34.4% stake in the company. Of these, there are about 40 thousand investors whose investment is up to ₹ 2 lakh.
Disclaimer: This article has been written for information purposes only. Investing in the stock market is subject to risk. Before making any investment, definitely consult your financial advisor or market expert.