Multibagger returns: THIS stock has turned Rs 10,000 into over Rs 25 lakh in 20 years

GM Breweries Ltd shares rose from Rs 1.82 apiece on August 13, 1999, to Rs 797 on August 12, 2024 - delivering 43,691% returns in the last 25 years. At this rate of return, Rs 10,000 invested with GM Breweries would have turned into Rs 44 lakh.

Written by PF Desk

August 12, 2024 17:26 IST

Multibagger return: THIS stock has turned Rs 10,000 into over Rs 25 lakh in 20 years

Multibagger returns: GM Breweries has given nearly 44,000% returns in last 25 years

Multibagger returns: GM Breweries Ltd has been one of the multibagger stocks for investors, giving nearly 44,000% returns since its listing in 1999.

GM Breweries Ltd, which manufactures and sells alcoholic liquor in India, saw it shares rise from Rs 1.82 apiece on August 13, 1999, to Rs 797 on August 12, 2024 – 43,691% returns in the last 25 years. At this rate of return, Rs 10,000 invested with GM Breweries would have turned into Rs 44 lakh.

If we see GM Breweries’s last 20 years return, the stock has grown from Rs 3.10 apiece on August 13, 2004, to Rs 797 on August 12, 2024 – 26,000%. An investment of Rs 10,000 in this stock would have now turned to Rs 25,77,400.

The stock hit its 52-week high of Rs 948 apiece on July 3, 2024.

GM Breweries Ltd has given a return of 162% in the last 5 years and 70% in the last one year.

GM Breweries Ltd financials in June 2024 quarter

The company posted its June 2024 quarter results last month, with net profit rising 25.26% to Rs 24.94 crore year-on-year. Its net sales rose 3.77% to Rs 152.40 crore in June 2024 against Rs 146.86 crore in the same period a year ago.

The company’s EPS rose to Rs 10.92 in the said quarter from Rs 10.90 in June 2023.