Multibagger Stock: You can also become a millionaire from the stock market. Provided you have patience. The stock we are talking about today has made its patient investors a millionaire by giving bumper returns. This share is of 3M India. Shares of 3M India (3M India Share Price) have given a strong stock return of 10,772.57% over the long term. The company’s market cap is ₹26,945.65 crore. It is a large-cap company. As per Value Research data, 3M India Limited is a debt-free company.
Share Price History of 3M Bharat
Shares of 3M India ended at ₹23,919.65 per share in Friday’s trading session on BSE. It was 4.50% higher than the previous close of ₹22,890.10. The stock price on July 11, 1997 was ₹220. Now the price of this share has reached the current market price of ₹ 23,919.65. That is, during this period it has given a multibagger return of 10,772.57% to its shareholders. Accordingly, if an investor had invested ₹ 1 lakh in the stock 25 years ago, now this amount would have become ₹ 1.08 crore.
Also Read – 160% Return In 21 Days: This Share Of ₹ 10 Did Amazing, Investment Of 1 Lakh Made ₹ 14.26 Lakh In 9 Months
The stock has gained 64.12 per cent in the last five years, but has fallen 4.72 per cent last year. The stock has declined 7.30% year-over-year (YTD) in 2022. The stock touched a new 52-week high of ₹27,800.00 on (08/11/2021) and 52-week low of ₹17,300.00 on 27/05/2022 on BSE (08/11/2021). That is, at the current market price, the stock is trading 13.95% below the high and 38.26% above the low. The stock was trading above the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day exponential moving averages (EMA) at the close of Friday.
Also Read – Attention Credit and Debit Card Holders! Payment rules will change from October 1, impact on customers across the country
3M India Limited deals in Diversified Industry. Abrasives, Adhesives, Sealants and Fillers, Advanced Materials, Automotive Parts and Hardware, Building Supplies, Cleaning Supplies, Coatings, Compounds, and Polishes, Dental and Orthodontics, Laboratory Supplies and Testing, Labels, Lubricants, Personal Protection Tools, Office Supplies, Products manufactured by 3M India Limited include Signage & Marking, Tape & Tool Manufacturing.