Outstanding Return Delivered Rs.1 Lakh Turned Into Rs.5 Lakh In Just 10 Months
Vashu Bhagnani Industries formerly known as (Pooja Entertainment and Films Ltd) delivered 517% returns in just 10 months. Stock market is always rewarding place for those who have patience. Rs.1 lakh invested in Vashu Bhagnani Industries on Oct 2023 would have turned into Rs. 5 lakhs.
Company is a part of Pooja Group promoted by Mr. Vashu Bhagnani, in Media and Entertainment Industry. It is in the business of entertainment and films through co-production, own production and distributing of films in India through music release, theatrical distribution, DVD and VCD release, television licensing and other new media distribution avenues.
Let’s suppose, you invested Rs.1 lakh at price Rs.345 per share (Before Bonus). So you will get 289 shares. In November 2023 company declared bonus share in 6:1 ratio. After bonus your number of shares will increase to 2023 and average price would be Rs.49.29 after adjustment. Current market price is trading at 245.10 per share. So far your investment of Rs. 1 lakh turned into Rs.5.2 Lakh in just 10 months.
“Stock market is a place where money transferred from impatience person to patience person” said by legendary investor Mr. Warren Buffett. People should not become impatience in their investment journey. To create wealth you must have acquired patience. Because of patience you can achieve anything in your life.
Since, after the russia and ukraine war stock market has delivered tremendous returns to shareholders. Currently market is on its peak level and nobody knows where will market go. But the question here is, as far as companies are gathering earning then we should not worry. We should not sell our stocks. Selling stocks is easy but creating wealth is hard.
Never miss any update on latest financial news. Click here to get updated.
Disclaimer: The stock highlights the bonus share, dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Returns Today should be held liable for any losses. Please consult a professional advisor.
