New Delhi. Investors who have been patient by investing money in the right stock at the right time have been earning huge profits from the stock market. Here the share price does not matter, but the fundamentals of the company matter. This is the reason why the Penny Stocks have also done wonders here. Investors investing money in one such penny stock Swan Energy share are playing in rupees today. 18 years ago, the price of this Multibagger stock was 56 paise. Which has increased to Rs 311 today. The person who invested Rs 18,000 in this share has also become a crorepati today.
Swan Energy is active in the textile and real estate sectors. The company has now started expanding its footprint in LNG port terminals, petro products, and defense shipbuilding through its subsidiaries. Swan Energy is now in the process of acquiring Reliance Naval & Engineering in partnership with Hazel Mercantile, an SPV, and Hazel Infra. Hazel Mercantile Resolution Plan was filed, and it has been approved by the National Company Law Tribunal (NCLT).
Gave 55436 percent return in 18 years
Swan Energy’s stock was a penny stock. On April 27, 2004, this share was available for just 56 paise. Now it has become strong by 55436 percent and has reached the price of Rs.311. It had reached Rs 323.85 on BSE in intra-day on Friday. Its market cap is Rs 8,207.82 crore. The stock has gained 8 percent in the last 5 trading sessions. This stock has given a 125% return in the last 6 months. At the same time, in the last one year, this stock has given 147 percent profit to the investors.
18 thousand became a millionaire
In the year 2004, the investor who invested Rs 18,000 in this stock got Rs 32,142 shares. Today the price of these shares has gone up to Rs 1 crore. If someone had invested Rs 1 lakh in this stock six months ago, he is now getting Rs 167,700. Similarly, 1 lakh rupees were invested in this share 1 year ago, today the value of its investment has gone up to 189,287.