The stock market contains many multibagger stocks; some have allowed investors to quickly gain significant profits, while others have provided the opportunity to become millionaires by investing a small amount over 10–15 years. One such example is the stock of Navin Fluorine International Limited, which enabled those who invested only 100,000 rupees to enter the list of millionaires.
The significant growth in the value of the chemical giant Navin Fluorine demonstrates the multiple returns achieved by investors. An analysis of this asset's trajectory since August 2013 shows that on August 8, 2013, the share price was 33.99 rupees, whereas as of the close of trading last Friday, its value reached 8230 rupees, despite a noticeable decline. Over this period, the price of Navin Fluorine shares grew by 8196 rupees, providing investors with a return of 24113%.
Calculating the investors' profit based on this return of over 24,000%, it can be concluded that if an investor had invested only 100,000 rupees at the price of 33.99 rupees on August 8, 2013, and held that position, their initial sum could have grown to 242,130,000 rupees, effectively making them a millionaire.
In addition to long-term growth, Navin Fluorine International shares have demonstrated a doubling of investor capital in just the last five years, regardless of stock market fluctuations. Over the five-year period, investors achieved an impressive return of 121%, and the share price increased by 4501 rupees. In the last year, the price grew by 71%, and in six months—by 25%.
Despite volatility over the past week, the share price rose by 7.20% over five trading days, increasing by 553 rupees. On Friday, the last day of the week, Navin Fluorine Share closed with a significant drop of 4.86% at 8230 rupees. The company's market capitalization is 42,430 crore rupees, and the 52-week high reached 8775.50 rupees.
