This multibagger stock fell from ₹ 1625 to ₹ 699, investors pauped before Diwali, trading stopped
Today we are telling you about such a stock in which the investors had become millionaires till a few months back. However, this time his wealth has come down to half. Now its trading is closed on BSE-NESE.
Multibagger Stock return: Today we are telling you about a stock in which those who invested money became millionaires till a few months ago. However, at this time his wealth has come down to half and now trading of this stock has been closed on BSE-NSE.
We are talking about the shares of Sel Manufacturing Company Ltd. Those investing money in this multibagger stock have become pauper only in the last 6 months. There has been a huge loss to the shareholders who have maintained their investment in it till now.
Price fell from ₹ 1625 to ₹ 699
The share of SEL Manufacturing Company Ltd has declined from ₹ 1625 (Closing Price of 22 Feb 2022) to ₹ 699 on NSE 6 months ago. That is, in the last six months itself, it has made a loss of 57%. 6 months ago, if an investor had invested one lakh rupees in this stock, today this amount would have come down to 43 thousand rupees.
However, this stock has given a return of 1,474.32% in YTD so far this year. At the same time, it has gained 14,021.21% in the last one year. Last year its price was only 5 rupees. That is, those who put money have got profits of crores.
But this stock was falling continuously for the last several sessions and now its trading is closed on BSE NSE. The last trading of this stock on BSE NSE is showing 14 October. Please tell that the company was continuously running in loss.
What does the company do?
SEL Manufacturing Company is a textile company. Apart from manufacturing, processing, this company produces readymade garments and different types of towels.