Multibagger stocks: Charlie Munger, the biggest of the money, once said that big money doesn’t lie in buying or selling, but waiting. This statement is fully compatible with the shares of this Indian IT company. We’re talking about Subex. The Bengaluru-based software company’s share price has risen from Rs 7.82 per share on July 9, 2020 to Rs 72.75 per share on the NSE (10.49 am today). This means that the stock has risen 837.34% in the last one year.
This IT stack is one of 2021 multibagger stocks. Interestingly, this list of multibagger stocks is filled with small-cap and mid-cap stocks, and investors pour in big money after the first wave hits the stock market. At present, the market capitalization of Subex is around 50 3750 crores. In the latest quarter, it reported a total revenue of Rs 8 758.90 crore compared to its total sales of Rs 754.40 crore.
Subex shares history
As mentioned earlier, Subex’s share price has risen 337.34 percent over the past one year, while IT stock Subex has given its shareholders more than 150 percent returns in the past six months. In the last one month, the stock has made a good return of 22.88%. Therefore, IT stock remains a money-making stock for its investors throughout the year.
Investors have invested 1 lakh in it, while its ₹ 1 lakh has risen to 37 8.37 lakhs in the last one year, up from 1 1.53 lakh in the last six months. However, in a month, investors could make a profit of ₹ 22,000 from an investment of 1 1 lakh and their net worth would be 1. 22 1.22 lakh.
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