Investors often earn huge profits in a short period of time from penny stocks. The invested amount is returned many times in a year. Sometimes the entire invested money is lost in a moment.
One such penny stock is called Raj Rayon which has made huge profits for its investors. The shares of this company have given multibagger returns of 1570 percent in one year. Investors have received 39 percent returns in the last one month.
In a period of five years, this stock has seen a rebound of 8920 percent. Also, this stock has seen a continuous boom. Even today Raj Rayon share is in green trading.
Five years ago on October 27, 2017, the share price of Raj Rayon was just 25 paise. Five years ago, if someone had invested two lakh rupees at the rate of 25 paise, the current price would have been Rs 80 lakh. If we look at the share price in the last six months, it has reached Rs 3.60 to Rs 22.55.
Even today the share price increased
The share of Raj Rayon continues to rise. The company’s share is trading at Rs 22.55, up 1.81 per cent. This stock has seen a rise of more than five percent for the last five days. Its 52-week high was Rs 22.55.
According to the opinion of experts, one should know the complete information of the company before buying the shares of any company. From the transactions of the company, the net profit and income of the last year of the company should be taken. Apart from this one should invest only after knowing the future performance, product and revenue of the company. Consult a market expert before buying shares. Invest in penny stocks as much as you are willing to lose. Do not invest in such stocks for a long time.