Last Updated on Dec 24, 2021 by Ayushi Mishra

A large number of stocks have entered the list of multibagger stocks in 2021 in the previous year and a half. In this participation boom on Dalal Street, a huge number of penny stocks have produced multibagger returns for their investors. Digjam is now a multibagger penny stock in India. The penny textile stock rose from Rs. 0.97 to Rs. 194 in the past 3 yrs, signifying a 19,900% growth.

History of the Digjam stock price

Based on Digjam’s performance, this multibagger penny stock rose from Rs. 66.60 to Rs. 194 each last month, up roughly 90%. This penny stock also rose northwards from Rs. 3.98 to Rs. 194 in the last year and recorded an increase of around 4,800%. Within 3 yrs, the price of this multibagger penny stock share has risen from Rs. 0.97 to Rs. 194 per share, registering ~200x during that period.

The effect on investments

If you had invested Rs. 1 lakh in this stock a month ago, it would have become Rs. 1.90 lakh today. This action 3 mth ago would have turned your Rs. 1 lakh into Rs. 11 lakh today. If you had invested Rs. 1 lakh in this penny stock a year ago and stayed in it to this day, it would be Rs. 49 lakh. Likewise, if you had invested Rs. 1 lakh in this stock 3 yrs ago and it remained invested in this multibagger penny stock to this day, your Rs. 1 lakh would have become Rs. 2 cr. today. 

Alpha returns in 3 yrs

This multibagger penny stock is also one of the alpha stocks in 2021. The alpha of a portfolio is the excess return it produces compared to a benchmark index. An alpha of one (the baseline value is zero) indicates that the return on investment surpassed the general market average by 1% over a defined time period.

It has beaten major benchmark indices by a wide margin. In the same 3 yrs, NSE Nifty generated around 57.60% return while BSE Sensex returned around 59%.

Ayushi Mishra
Inline Feedbacks
View all comments
55,00,000+ users trust Tickertape for Investment Analysis!
55,00,000+ users trust Tickertape for Investment Analysis!
55,00,000+ users trust Tickertape for Investment Analysis!
55,00,000+ users trust Tickertape for Investment Analysis!

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.