Penny Stocks have an excellent record in delivering returns. There have been many penny stocks in which people who have invested only lakhs of rupees have benefited in crores. One such penny stock belongs to Indo Count Industries. At one time this stock was less than Rs 2 and now it has crossed Rs 170. Shares of Indo Count Industries have given returns of over 13,000 per cent in less than 10 years.
Rs 1 lakh became Rs 1.3 crore
The shares of Indo Count Industries were at a level of Rs 1.26 on the Bombay Stock Exchange (BSE) on 16 March 2012. The company’s shares closed at Rs 174.50 on BSE on February 25, 2022. The company’s shares have given investors more than 13,800 per cent returns in less than 10 years. If a person had invested Rs 1 lakh in the shares of the company on March 16, 2012 and had retained his investment, that money would have been close to Rs 1.38 crore at the present time.
More than 700% return in less than 2 years
The shares of Indo Count Industries were at a level of Rs 24.40 on the Bombay Stock Exchange on 8 May 2020. The company’s shares closed at Rs 174.50 on BSE on February 25, 2022. The shares of the company have given returns of close to 715 per cent to the investors in less than 2 years. That is, if a person had invested Rs 1 lakh in the shares of the company on 8 May 2020 and had retained his investment, then as on date this money would have been close to Rs 7.15 lakh. The 52-week high of the shares of Indo Count Industries is Rs 314.80. At the same time, the 52-week low-level of the company’s shares is Rs 113.
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