Rs 1 lakh to Rs 32 lakh in 2 years: This stock made investors rich like a miracle
HEG Limited share price: The equity market is famous for its volatile nature, risks involved, surprises, miracles and rewards.
HEG Limited share price: The equity market is famous for its volatile nature, risks involved, surprises, miracles and rewards. So, can you imagine any investment in a stock growing over 32 times (or 3200%) in a span of less than two years? In monetary terminology, such a stock would give a return of over Rs 32 lakh on a simple investment of Rs 1 lakh. Thinking, this is not possible? Believe it or not, it actually happened in the Indian stock markets between 2017 and 2018 as the value of the share of a company named HEG Limited increased by about 3200 per cent (32 times) than its historical price in less than two years.
HEG Limited operates in the Electrodes & Graphite sector. The current market capitalisation of the company stands at Rs 14,564.71 crore. The mid-cap stock rose over 3200 per cent in less than two years on robust demand for its main product graphite electrode, which is used for making steel worldwide.
Had you invested Rs 1 lakh on HEG Ltd in 2017 then you would have been richer by massive Rs 32 lakh in less than two years. Here's how:
HEG Ltd opened at Rs 148.30 per share on 2nd January 2017. It touched the highest price of Rs 4950 in October 2018, which was 3237.8 per cent (or 32 times) more than the initial price, as per data on the BSE website.
So, if someone would have purchased 675 shares at Rs 1,00,102 2nd January 2017, the same amount would have grown to over Rs 32 lakh.
There was a constant upward trend in the price graph of the share from January 2017 to October 2018 due to an increase in demand in graphite in the market, positive sentiments of Investors on HEG, foreign events, outstanding financial results etc.
HEG Ltd share's journey between 2017-18
The company has posted tremendous financial figures over a period of one year. It has shown a massive recovery from a profit of Rs 113 crores in September 2017 to a profit of Rs 890 crores in September 2018. The revenue of the company has increased to Rs 1,800 (Q2FY19-10) crores from Rs 410 (Q2FY17-18) crores on YoY basis.
However, currently the stock is trading at Rs 3,653 on NSE and at Rs 3,645 on BSE, a huge correction from a 52-week high of Rs 4,950 in October 2018.
The company's management includes L N Jhunjhunwala - Chairman Emeritus, Ravi Jhunjhunwala - Chairman & M.D & CEO, Shekhar Agarwal - Vice Chairman, D N Davar - Director, Riju Jhunjhunwala - Director, Kamal Gupta - Director, S N Bhattacharya - Director, O P Bahl - Director, Satish Chand Mehta - Director, Vinita Singhania - Non Executive Director, Ramni Nirula - Independent Woman Director.
Note: The investments in equity markets are highly volatile and risky, any investment in any company\stock is advised to be done after reader's discretion.
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