New Delhi. Patience is very important to earn money from the stock market. Investors who invest in the stock market for the long term usually earn more profits. Many stocks have given multibagger returns to investors in the long term. One such multibagger stock is Praveg Limited. Five years ago, the price of this stock was Rs 4.34, which has increased to Rs 769 today. In this way, in just five years, this penny stock has given a huge return of 17,624 percent to the investors.

The success of Praveg Limited stock teaches that long term investment can yield huge profits if fundamentals and growth potential are assessed correctly. Praveg Limited stock has definitely declined in 2024 and its price has fallen by 2 percent so far. But it is still a profitable deal for long term investors.

17,624 percent profit in five years
Praveg Limited's stock has given 17,624 percent profit in five years. In the last one year, the price of this stock has increased by 14 percent and in a month this stock has increased by 10 percent. In three years, this stock has given 390 percent profit. Promoters have 21 percent stake in Praveg Limited. Whereas, FIIs have 2.2 percent stake and DIIs have 2.3 percent stake.

1 lakh became 1.77 crores
If an investor had invested only 1 lakh rupees in this stock five years ago and maintained it till now, then today the value of his investment has become 1.77 crores. This has happened because during this period the price of Praveg Limited share has increased from Rs 4.34 to Rs 769. In three years, this stock has increased the investors' money 5 times. During this period, this share has increased from Rs 139 to Rs 769.