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According to market experts, the stock continues to see bullish business going forward. On Friday, the stock of Godrej Consumer Products closed higher at Rs 968.05 and the stock has been steadily rising. Meanwhile, if you are thinking of investing in any stock, discuss it with your financial advisor first because investing in the market is subject to risk and you may gain as well as suffer financially.
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Stock of Multibagger Godrej Consumer Products
The shares of this company have made its investors rich in the long run. On June 22, 2001, the company’s stock was trading at Rs.4. So currently the stock of the company is Rs. It has settled at the level of 968. As such, the stock has gained more than 23,000% in the past 22 years. In such a situation, if an investor had invested 1 lakh in this stock in 2001, he would have got a return of 2 crores today.
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Stock highs even in short term
On the other hand, this stock has not only made its long-term investors millionaires. Investors’ pockets are filled even in the short term. The stock was trading at Rs 700 on March 30 last year. In this scenario, the stock has given strong returns of 39% to its investors even in short term. Apart from this, experts have predicted the possibility of further increase in the stock in the future.
(Note: Expert advice should be taken before investing in the stock market. Investing in the stock market can also cause you losses.)
