Stock multibagger: solar company yields 850% return in one year. Do you own?

Multibagger stocks: Shares of Solex Energy Limited have steadily reached the upper circuit. The stock is one of the multibagger stocks that the Indian stock market has produced over the past year. In Tuesday’s session, this NSE SME stock jumped 5% and reached the upper circuit at 463.05 levels each. On Monday, the PME title had closed at 441 levels per action after reaching the upper circuit. The stock hit the upper circuit on a continuous basis and it also hit a new shelf life record.

Solex Energy stock price history

Over the past month, this multibagger stock has generated a return of around 150% for its position shareholders, while over the past six months, this small-cap multibagger stock has grown from around 100 to 463 levels each, offering a return of approximately 360% to its shareholders. Similarly, over the past year, this small-cap multibagger stock has jumped about 49 to 463 levels each, registering an increase of approximately 850% during this period.

Impact on investment

Take inspiration from the history of the Solex Energy share price, if an investor had invested 1 lakh in this stock multibagger a month ago is 1 lakh would have turned to 2.50 lakh today. similarly, if an investor had invested 1 lakh in shares of this solar company six months ago, its 1 lakh would have listened 4.60 lakh today. Similarly, if an investor had invested 1 lakh in this small cap stock a year ago, its 1 lakh would have turned to 6.90 lakh today.

After the end of Tuesday’s session, Solex Energy shares ended with a market capitalization of around 370 crore, adding approx. 18 crore in single session Tuesday. This small-cap stock had closed on Monday with a market capitalization of 352 crores. Its 52-week low is 42.50 while its 52-week high is 463.05 each. It ended Tuesday with a trade volume of 4,000, which means the stock is a weak floating stock and can become very volatile on a single trigger.

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