There are many shares in the stock market. This makes it difficult for investors to choose the right stock. But there are some stocks that have made investors rich.
There is one such share which has gone from Rs 300 to Rs 10,000.
Shares of ZF Commercial Vehicle Control Systems India Ltd hit a new 1-year high on the BSE on Friday, September 9. The company manufactures air brake systems for commercial vehicles. Shares of ZF Commercial rose about 1.5 percent in intraday trade to touch a fresh 52-week high of Rs 10,200. Shares of JF Commercial Vehicles ended the day’s trade up 0.31 percent at Rs 10,066.85.
ZF Commercial Vehicles is a multibagger stock, which has grown its investor wealth nearly 33 times since its listing on the BSE in October 2008. Shares of JF Commercial Vehicles started trading on the BSE for the first time in October 2008, and its share price was just Rs 305.35 then, which is Rs 10,066.85 today. Thus, in the last 14 years, this stock has given its investors a good return of 3,196.82 percent. The company will buy Yes Bank’s 48,000 crore of loans. This means that if an investor had invested Rs 1 lakh in shares of JF Commercial Vehicle on October 3, 2008, his Rs 1 lakh would have grown to around Rs 33 lakh today. If we talk about the recent performance of ZF Commercial Vehicles stock, it has gained 7.87 percent in the last one month. At the same time, its stock price has risen by approximately 37.83 percent in the last year. In the last 5 years, the investors’ wealth has increased by about 64.80 percent.