Today we are going to tell you about such a stock of just Rs 10 which has given tremendous returns to investors.
Investors who invested Rs 1 lakh in this Multibagger Penny Stock have become millionaires today.
Yes, today we are talking about the share of Sundram Fasteners, an auto parts maker of TVS Group.
Shares of Sundram Fasteners belonging to TVS Group have proved to be a tremendous deal for investors.
In the long term, the shares of Sundaram Fasteners Company made its investors rich. Still, its shares are seeing a boom.
Sundaram Fasteners' stock has grown from an investment of Rs 1 lakh to over Rs 1 crore in two decades.
On January 4, 2002, the share price of Sundaram Fasteners was Rs 10.45, which has now become Rs 935.
Currently, TVS Group company Sundaram Fasteners has a market capitalization of Rs 19,568.20 crore.
Let us tell you that Sundaram fasteners limited manufactures nut bolts, radiator caps, and other auto parts.
In the last July-September quarter, the net profit of Sundram fasteners limited company was Rs 111.75 crore.
Even amid the fall in the stock market, the shares of this company have worked to give profits to its shareholders.