Multibagger Stock BSE: Companies listed on BSE, the country’s oldest stock exchange, have earned a lot of money for investors investing in the stock market. But for the investors who have BSE shares, its shares have given them multibagger returns in the year 2024. There has been a 150 percent jump in BSE stock in 2024 and in the last two days alone, BSE stock has increased by 20 percent.
150 percent return in 2024
The rise in BSE stock can be gauged from the fact that on January 1, 2024, the stock was trading at Rs 2200, which is now trading at the level of Rs 5400 on December 6. This means that this year itself the stock has jumped by about 150 percent. Even today the stock has reached its all-time high of Rs 5445 with a rise of 4.53 percent or Rs 227.
Money increased 30 times in 5 years
In the year 2017, BSE had brought its IPO. The company had raised money from the market at an issue price of Rs 806 per share. The company has also issued bonus shares to its shareholders in the year 2022. Bonus shares were issued to every shareholder in the ratio 2:1. That means, two bonus shares were issued to the shareholders in exchange for one share. BSE stock has given returns of 826 percent to its shareholders in 2 years and more than 30 times in 5 years.
Why are BSE shares rising?
Ever since the discussion regarding the IPO of National Stock Exchange, the country’s largest stock market, has intensified, the stock of BSE has been witnessing a rise. After the possibility of IPO of National Stock Exchange, a strong rise is being seen in the shares of BSE. Experts say that due to NSE listing, re-rating of BSE shares may happen, due to which the enthusiasm for BSE stocks is high.
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