Read on the application
Shares of engineering company GMM Fodler have given strong returns to investors. The company’s stock has risen more than 24,000% over the past 20 years. During this period, the share of multibagger company GMM Pfaudler rose from Rs.7 to Rs. 1600 has happened. The company’s stock has a 52-week high of Rs 1999. The Patel family, promoters of GMM Fodler, are now increasing their stake in the company. The Patel family is buying 1% more stake in GMM Fodler. Now the Patel family will have 25.18 percent stake in the company. This has been said in a report by CNBC-TV 18.
Shares rose more than 24000%
Shares of GMM Pfaudler on 14 November 2003 at Rs. were at 6.93. Share of Multibagger Company on 13 November 2023 Rs. was closed at 1679. The company’s shares have gained 24127% during this period. If a person invests in shares of GMM Fodler on November 14, 2003 for Rs. 1 lakh and had retained his investment, the present value of this share would be Rs. 2.42 crore would have been.
Also Read- JP Associates signs deal with ICICI Bank, will transfer 18.9 crore shares
The company’s shares rose 7000% in 10 years
Shares of GMM Fodler have risen more than 7000% in the last 10 years. On 14 November 2013, the shares of the company were Rs. Was at 23.37. On 13 November 2023 shares of GMM Fodler will be Rs. 1679 have been reached. If a person invested in company shares 10 years ago for Rs. 1 lakh and have retained their investment, the current price of this stock is Rs. 71.84 lakh would have been. The company’s stock has gained 390% in the last 5 years.
Also Read- These 2 Defense Stocks Are Causing Market Ruckus, Should You Buy Them Or Not?