The stock market contains many stocks with potential for multiple growth (Multibagger Stocks); some of these have brought significant profit to long-term investors, while others have provided explosive returns in a very short period.
One such example is the Cupid Limited share (Cupid Share). According to calculations, if an investor had invested 100,000 rupees in this stock five years ago, they could have become a millionaire.
An analysis of Cupid Share's profitability shows that the stock price was only 2.41 rupees on August 6, 2021. By the time of the article's publication on Thursday, the price reached approximately 261 rupees. This means that investors who invested in this stock achieved an impressive return of 10,779 percent over a five-year period.
Cupid Limited is engaged in the production of condoms, personal hygiene products, and medical diagnostic kits. The company's products are exported to more than 100 countries worldwide. The calculation of investor profits based on stock returns demonstrates how a 2 rupee stock turned into a 'millionaire's stock' in a relatively short time.
In fact, if an investor had invested 100,000 rupees at the price of 2.41 rupees on August 6, 2021, and held these shares until now, their initial amount would have increased to 18.79 lakh rupees thanks to the multibagger return of 10,779 percent.
Not only over five years, but also over the last year, this inexpensive stock has shown sharp growth, increasing investors' capital by more than seven times. During this period, the return on Cupid Share was 682 percent. Looking at the results for the last six months, the stock showed strong growth of 210 percent. Furthermore, over the last five trading days, the stock price rose by approximately 13 percent.
The continuous growth of Cupid shares has led to an increase in the company's market capitalization, which now reaches 34,350 crore rupees. The maximum price level for this stock over 52 weeks is 263 rupees, which was reached on Thursday.
