The Stock Market is undeniably fraught with risks, yet there are stocks that have unlocked fortunes for their investors, amassing wealth in a relatively short time. One such golden key is Kesar India's stock, which has delivered a jaw-dropping return of over 3000% within a year, turning investors who merely invested $130 into lakhpati (hundred-thousandaires).
Kesar India delivers a 3100% multibagger return
Kesar India, a flagship company of the Kesar Group operating under the brand 'Kesar Lands', is a prominent real estate developer. Based in Nagpur, the company's business revolves around developing projects on Kesar India Land or selling plotted land, primarily focusing on plots, residential, and commercial projects. This small-cap company has offered a whopping 3100% multibagger return to its investors within a year, with the stock price soaring by $47.
An incredible journey from $1.5 to over $48
Looking at the performance of Kesar India Limited's stock, a year ago, on March 10, 2023, the company's stock was priced at $1.5. By the end of the trading week on Thursday, March 7, 2024, it closed at $48.40. Since January this year, the stock's price has seen a meteoric rise, jumping from $14 in mid-January to over $27 within a month. Now it has passed the $48 mark.
Profitable deal even in the long term
This small-cap stock has significantly increased investors' wealth not only within a year but also in the long run. Over the past five years, those who invested in the company's shares have seen a return of 2054%. Meanwhile, in the last six months alone, investors have received a 1558% multibagger return. In the past month, the stock's upward trajectory has been sharply rising, yielding a 78% return.
$1,300 turned into $41,600
Considering the returns of this real estate-related company's stock, if an investor had invested $1,300 a year ago and held onto that investment, it would have grown to be worth approximately $41,600. The stock's 52-week high level is $56.25, while its 52-week low level is $1.31. Kesar India witnessed a strong profit in the December quarter which amounted to $683,000.
