Multibagger penny stock: The Indian stock market has produced numerous multibaggers in recent years, creating substantial wealth for retail investors who believe that long-term investments are key to achieving phenomenal returns.
One such stock in this regard is , which has maintained a steady upward trend on Dalal Street, surging to new highs year after year.
The company’s shares have maintained a steady one-way run since 2021, except for a sharp pullback in recent months. Nevertheless, they have continued to deliver returns, making the stock one of the biggest wealth creators.
The shares began their bull run in March 2021 and continued until July 2024, resulting in a massive gain of 3,946%. During this period, the stock also scaled a fresh record high of ₹77.50 apiece.
The rally has not only made shareholders wealthier but has also significantly boosted the company’s market capitalization, which now stands at ₹1,200 crore as of Thursday’s close.
One Point One Solutions share price history
Since its listing in 2017, the stock largely remained in a sideways phase for a prolonged period before gaining momentum in early 2021, as investors began accumulating the counter and driving sustained gains.
This helped it maintain a strong winning streak even during periods of market volatility, with the stock closing each of the last six calendar years in positive territory.
From a trading price of ₹1.75 apiece five years ago, the shares have surged nearly 2,508% to trade at the current market price of ₹45.64 apiece.
Impact on investment
The massive rise in the share price over a prolonged period has significantly boosted investor wealth.
An investor who had invested ₹1 lakh in the stock five years ago and held on to it would have seen the investment grow to approximately ₹26.07 lakh, highlighting the wealth-creating potential of the stock market when the right counters are chosen.
Notably, the gains have largely been seen among , who collectively owned a 37.8% stake in the company at the end of the December quarter, as per BSE data.
More than 60,730 investors holding capital of up to ₹2 lakh collectively own 16.42% of the company, underlining strong participation from individual shareholders in One Point One Solutions’ growth story.
The company offers services across customer experience management, digital transformation and automation, finance & accounting outsourcing, trust & safety, supply chain and operations management, creator economy support, and medical records and litigation support, working with enterprises in banking and financial services, fintech, e-commerce, healthcare, manufacturing, legal, construction, and more.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.