Investing in penny stocks is quite risky, but the same risk can yield huge returns in a short period of time. One such stock is Rajneesh Wellness Limited. The stock of this company has given returns of more than 3100% to its shareholders in the last one year. Within a year, its shares rose from Rs 5.56 to Rs 203. At present it is trading around Rs 170.
A look at the history of
the stock In 2018, the price of this stock was close to Rs 44. After this, in 2020, when economic activities came to a standstill in the lockdown imposed due to corona infection and there was a big fall in the stock market, this stock also could not survive this fall and broke down to close to Rs 5. However, with the opening of the lockdown, economic activity resumed and the market also saw a strong boom.
In the boom of the market, this stock also reached from Rs 5 to Rs 203. The stock is up almost 700% this year. Rajneesh Wellness Share has given returns of more than 300% in the last 6 months. That is, the investors who had invested Rs 1 lakh in it 6 months ago, it has turned into Rs 3 lakh today. A year ago, if you had invested Rs 1 lakh, your stock would have been worth Rs 33 lakh today.