There are many such investors in the Indian stock market who have waited a while by investing in stocks and then became millionaires. One such stock is from Avanti Foods. The company has made investors millions in 10 years. Shares of Hyderabad-based electric service company Avanti Foods have risen more than 161 times in a decade. This multibagger stock is trading on the NSE on August 26, 2011 at Rs 3.40. In nearly a decade, it has risen to Rs 548 per share.
Avanti Foods stock has made a return of nearly 206 percent over the past 5 years. At the same time, an increase of more than 16,000 was registered in a decade. In FY 2021-22 alone, Avanti Foods stock yielded more than 30 percent returns. The share price of 31st March 2021 was Rs 414.45 which is Rs 548 today.
However, on the last trading day, Friday, Avanti Foods’ stock fell nearly 3.50%. Speaking of the last 5 trading days, it has fallen 7 percent. In the last one month, it has declined 11.61%. Looking at this pattern, profit-booking has been dominant in the multibagger stock for the past one month.
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Consider the amount: Investors have invested Rs 1 lakh in FY22 in this stock, and today their total amount is Rs 1.32 lakh. Similarly, if an investor invested Rs 1 lakh in this stock 5 years ago, his total would be Rs 3.06 lakh. However, if investors had invested Rs 1 lakh in this stock 10 years ago, their total would be Rs 1.61 crore.