Multibagger stock: Patience is one of the most important virtues for stock market investors. According to experts, one should try and hold a stock as long as one can. This long-term investment strategy not only helps minimising the risk but fetches compounding benefit on one’s investment too. A glaring example of how long-term investment can grow you money many-folds is Bajaj Finance shares. This multibagger stock has shot up from ₹63 per share to ₹7786.45 per equity share levels in last 10 years — delivering around 12,260 per cent return to its shareholders.
Bajaj Finance share price history
In last one week, this multibagger stock surged from ₹7386.60 per share levels to ₹7786.45 levels — logging around 5.40 per cent rise in this period. In last one month, Bajaj Finance share price shot up from ₹6944.95 to ₹7786.45 per share levels — registering around 12 per cent rise in this period. Likewise, in last 6 months, this multibagger stock went up from ₹5122.20 levels to ₹7786.45 per equity share mark — soaring around 52 per cent in this time-frame. In last one year, Bajaj Finance shares have delivered multibagger returns as it went up from ₹3138.95 per share levels to ₹7786.45 per share levels — yielding around 150 per cent in this time horizon. In last 5 years, the financial stock skyrocketed from ₹1055.90 per stock levels to ₹7786.45 levels — logging around 637 per cent rise in this period.
Likewise, if we look at Bajaj Finance share price movement in last 10 years, the multibagger stock closed at ₹63 on 16th September 2011 at NSE while it closed at ₹7786.45 per share at NSE on 24th September 2021 — soaring around 123 times in this period.
Impact on investment
Taking cue from Bajaj Finance share price history, if an investor had invested ₹1 lakh in this multibagger stock one month ago, its ₹1 lakh would have become ₹1.12 lakh today. If the investor had invested ₹1 lakh in this financial stock 6 months ago, its ₹1 lakh would have become ₹1.52 lakh. Similarly, if the investor had invested ₹1 lakh in this Bajaj group stock one year ago, its ₹1 lakh would have turned to ₹2.50 lakh. However, if the investor had invested ₹1 lakh 5 years ago, its ₹1 lakh would have turned to ₹7.37 lakh today.
Likewise, if an investor had invested in this multibagger stock 10 years ago buying Bajaj Finance shares at ₹63 apiece and had remained invested in this counter till date, its ₹1 lakh would have turned to ₹1.23 crore.
Bajaj Finance share price forecast
Expecting further rise in Bajaj Finance shares; Sumeet Bagadia, Executive Director at Choice Broking said, “Rally in Bajaj Finance share price may further continue as it looks positive on the chart pattern. One can buy this counter at current market price for the target of ₹8200 to ₹8250…
Read More: ₹63 to ₹7786. Check how your ₹1 lakh would have fared?