Money magnet Charlie Munger once said that big money is not in buying or selling, but in waiting. This statement fits perfectly with the shares of this Indian IT company. We are talking about Subex. The share price of the Bengaluru-based software company has risen from Rs 7.82 on July 9, 2020 to Rs 72.75 per share on the NSE (10.49 am today). This means that the stock has risen by 837.34 per cent in the last one year.
This IT stock is one of the multibagger shares of 2021. Interestingly, this list of multibagger stocks is full of small-cap and mid-cap stocks, as investors invested heavily in them after the first wave hit the stock market. Currently, Subex has a market capitalization of around ₹ 3750 million. It has recorded a total revenue of ₹ 758.90 crore against gross sales of ₹ 754.40 crore in the latest quarterly results.
History
of Subex stock
As mentioned earlier, the price of Subex shares has jumped
337.34 percent in the last one year, while in the last six months, IT stock
Subex has given more than 150 per cent returns to its shareholders. In the last
one month too, the stock has given an impressive return of 22.88 per cent.
Therefore, IT stocks remain money-making stocks for their investors throughout
the year.
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Return
on investment
If an investor had
invested Rs 1 lakh in it, ₹ 1 lakh would have been ₹ 8.37 lakh in the last one
year, while in the last six months it would have been ₹ 1 lakh ₹ 1.53 lakh.
Within a month, the investor would have made a profit of ₹ 22,000 on his ₹ 1
lakh investment and his net amount would have been ₹ 1.22 lakh.
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