By the way, there are many such companies in the Indian stock market which have made investors rich. There are also some companies that have made investors who invest a few rupees into millionaires. One such pharma industry company is Divis Lab. Divis Lab has given returns of more than 54,000 per cent to shareholders in almost 18 years.
Actually, in March 2003, Divis Lab was listed on the stock exchange. The stock price of Divis Lab was Rs 9 at the time of listing, which has now risen to Rs 4920 per share. In this context, in the last 18 years, the company has given 54,566 percent return to its shareholders. At the same time, the company has given a return of 830 percent in one year of listing and 3325 percent in 5 years.
Understand by amount: During the listing of Divis Lab in the stock market, an investor would have invested 20 thousand rupees, then in just one year his amount would have become Rs 36,754. Similarly, if an investor had invested for the first five years, then the amount of Rs 20 thousand would have exceeded Rs 6 lakh 85 thousand. However, if an investor had invested Rs 20,000 at the time of listing of the company and retained it for the full 18 years, he would have become a millionaire today. This amount would have now become Rs 1.09 crore.
Should you invest: If experts are to be believed, then betting in Divis Lab’s stock can prove to be a profitable deal. According to Mudit Goel, Senior Research Analyst, SMC Global Securities, Divis Lab’s outlook is still positive. He said that the shares of Divis Lab can be bought at the current market price with a target of up to Rs 5000.
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