Multibagger share: Who is the one who does not dream of becoming rich. People invest in many types of instruments to fulfill this dream as soon as possible. One of them is also a stock market. Many multibaggers have increased investors’ money manifold in a very short time. One such share is Onix Solar Energy. 5 years ago, the price of this stock was not even Rs 10, but today it is at the level of about 445 rupees.
The market cap of Onix Solar Energy is about Rs 88 crore. The face value of the stock is about 10 rupees. According to the BSE, the share price has risen 3858 percent in the last 3 years, 714 percent in a year and about 300 percent in just 3 months. At the same time, it has given more than 7300 percent returns in 5 years.
74 lakhs made worth 1 lakh in 5 years
The stock closed on BSE at Rs 444.10 on Friday, 14 February. On 14 February 2020 5 years ago, the stock was priced at Rs 5.97. Meanwhile, calculated on the basis of 7338.86 percent returns made in the meantime, if someone would have invested Rs 25000 in the stock 5 years ago and did not sell the shares in the middle, then his investment would have been more than Rs 18 lakh in today’s date. Similarly, an amount of Rs 50000 would have been more than Rs 37 lakh, Rs 1 lakh amount of Rs 74 lakh and Rs 1.5 lakh will have been more than Rs 1 crore.
Onix Solar Energy recently approves proposal to raise funds
Public shareholders have a full 100 percent stake in the company. The Board of Onix Solar Energy approved the proposal to raise funds by releasing 625,000 equity shares of face value of Rs 10 on the preference basis and releasing paid up 20,35,000 convertible warrants on the preference basis on 1 February meeting.
63 lakh profits in December quarter
Onix Solar Energy earned a revenue of Rs 5.73 crore on a standalone basis in the October-December 2024 quarter. Meanwhile, the net profit was Rs 63 lakh and earning was Rs 3.16 crore per share. In FY 2023-24, the company’s revenue was recorded at Rs 1 lakh, net profit of Rs 21 lakh and earning Rs 1 crore on Standalone Bay.
Multibagger Stock: ₹ 3600000 made worth ₹ 1 lakh in 5 years, 390% returns in 2 years
Disclaimer: Here the information provided is given on the basis of share performance. It is necessary to state that the investment in the market is subject to market risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.