Investors who invested only Rs 49,000 in Mphasis stock in the initial phase became millionaires.
Sometimes even a small amount invested in the stock market makes the investor rich.
Shares of Mphasis, a company providing IT services, made its investors crorepatis in the long term.
22 years ago from now i.e. in the year 2001, the price of this share was just around 10 rupees.
Anyone who would have left it 22 years ago by investing just Rs 50,000 in it, would have become rich now.
In the last 22 years period, Mphasis stock has registered a jump of about 20411 percent.
* Mphasis Share Price on 19 October 2001: Rs 10.29 * Mphasis Share Price on 18 October 2002: Rs 69 * Mphasis Share Price on 10 October 2003: Rs 127
* Mphasis Share Price on 15 October 2004: Rs 140 * Mphasis Share Price on 5 October 2007: Rs 277 * Mphasis Share Price as on 1 October 2010: Rs 631
* Mphasis Share Price as on 31 Aug 2018: 1260 * Mphasis Share Price as on March 11, 2022: Rs 3400 * Today's Mphasis Share Price: Rs 2,094
If an investor would have invested Rs 49,000 in it in 2001, now his investment would have increased to around Rs 1 crore.