By Admin 
Multibagger stock: Recently, after cutting the repo rate from the RBI, every public sector to private sector banks have cut interest rates. That is, now from savings to fixed account, returns are not available as before. In such a situation, the trend of people is moving towards the stock market. However, the stock market has its own different risk and its advantages.
But today we are going to tell you about the multibagger stock we are going to tell you. Those who invest in this stock have become millionaires. We are talking about East India Drums and Barrels Manufacturing Limited.
35000 percent return in five years
The stock of this company was 20 paise before five years ago, but today it has been Rs 71.62. Meaning, during the last five years, the shares of East India Drums and Barrels have given a return of more than 35000 percent. If someone had invested one lakh rupees in this stock five years ago, then today they would have increased to more than 3.5 crores.
The market cap of East India Drums and Barrels Manufacturing Company, which makes barrels and large drums for chemicals, oil and other industries, is Rs 105.81 crore according to BSE and it prepares more than 23 corpses every year.
Stock done rich
If we talk about the returns of the stock of this company in a year, then it has given a tremendous return of about 2000 percent. That is, if someone had invested one lakh rupees a year ago, he would have received 20 lakh rupees now. In the month of June last year, the price of this scalk was Rs 33.40, in six months, it was about 72 rupees, while after one year it has now increased to 71.62 rupees.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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