#Kolkata: Thousands of millionaires by investing! It sounds surprising but true. There are several companies that are listed in the stock market. Returned investors with two hands full. Indian drug manufacturer Sun Pharmaceutical Industries is one of them.

Over the past 23 years, Sun Pharmaceuticals stock has seen investors return more than 39,000 percent. This means investing for the long term and in the right company. You have to have patience, only then it is possible to become a millionaire.

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Rs 2 shares at Rs 896: Shares of Sun Pharma closed at Rs 896.70 per share on the NSE on Tuesday i.e. October 27. Anyway, 23 years ago today, this pharmaceutical company started trading on NSE on 1 January 1999. At that time its effective price was only Rs 2.27. Currently, which has increased by 39402 percent to 896.70 rupees.

1 lakh has become 4 crores in 23 years: If an investor had invested Tk 1 crore in Sun Pharma shares 23 years ago i.e. on January 1, 1999, it would have increased to Tk 3.95 crore today. If someone had invested 23 thousand taka 23 years ago, today it would have increased to 1 crore 18 lakh taka.

Massive return of 78.18 percent in last one year: Not only 23 years, Sun Pharma has given huge returns in the last one year as well. Shares of the company rose 1.98 percent. Where its price has increased by 15.69 percent in the last one year. At the same time, it has given investors a return of 78.18 percent in the last one year.

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Expert opinion on this stock: Angel One analyst Osho Krishnan gave a positive signal about this stock. According to him, better returns are possible from this stock in next 2-3 weeks. The stock is currently trading well above all its major indexical moving averages on the daily chart. He recommends buying this stock at a target price of Rs.922. At the same time, he said, Staples 874 should be kept.

About the Institute: Sun Pharmaceutical Industries Limited is a multinational pharmaceutical company. Its headquarters is in Mumbai. Its profit in the June quarter rose 43 percent to Tk 2,061 crore from Tk 1,444 crore a year ago. On the other hand, the company’s revenue increased by 10.7 percent to Tk 10,762 crore. which was Rs 9,719 crore in the previous year quarter.

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Tags: Multibagger Stock, Sun Pharma Stocks


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