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Twenty-four rupee share made a millionaire, the price was a penny, now the price has increased manifold

Ronit Kawale
Ronit Kawale  - Senior Editor
3 Min Read

Lloyds Enterprises Share: Penny stocks, also known as penny stocks in the market, are the first choice of small investors. Actually, the price of penny shares is Rs 1-2 and even less, but the returns received from them have surprised investors in the last few years. One such share is that of Lloyds Enterprises, which has given returns of more than 2000% in the last 4 years. Surprisingly, this stock was being sold at throwaway prices during the Corona period. Now wealth has proved to be Kuber for investors.

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In March 2020, shares of Lloyds Enterprises were trading around the level of Re 1, but now the price is more than Rs 28. Surprisingly, in the last one year this stock has given a return of more than 400 percent i.e. investors' money has increased 4 times. Let us tell you what is the business of this company.

Was getting cheap prices during Corona period
During the Corona epidemic in March 2020, when there was a huge decline in the stock market, the price of this share was Rs 1.20. But, after this the share took off and there was no stopping it. Interestingly, if a person had invested Rs 1 lakh in Lloyds Enterprises shares 4 years ago, the value of his investment today would have been more than Rs 23 lakh. Not only this, this return went above Rs 46 lakh. Because last year this share had touched a high of Rs 47.75.

What is the business of the company?
Lloyds Enterprises is a company manufacturing iron and steel products. This company was earlier known as Shree Global Tradefin Limited, but in 2023 its name was changed to Lloyds Enterprises. The company manufactures heavy machinery for steel plants and electricity plants.

(Disclaimer: The information given here is for information only. Since investing in share market is subject to market risks, please consult a certified investment advisor before investing.)

Tags: Business news in hindi, Multibagger stock, Stock market today

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