Amid the high volatility in the Indian stock market, even though a small disturbance in the domestic and foreign economy and markets can have a multiplier effect, some stocks have provided strong returns to their investors over the long term.
Despite multiple factors such as an uneven geopolitical environment and stutters in the foreign markets, especially the US and Chinese markets, there are some Indian stocks that have performed exceptionally well, shaking off all market-related and economic uncertainties.
One such stock is Flomic Global Logistics Ltd, a global logistics and freight forwarding services provider. Investors who put a small amount of money into this stock have actually become richer in the long run, thanks to the scrip’s massive growth curve.
Flomic Global Logistics is a small-cap company with a market capitalization of Rs 76 crore, and its shares closed at a price of Rs 106.8 apiece on the BSE on Wednesday.
Flomic Global Logistics, a penny stock five years ago, has provided investors with multibagger returns over the past five years.
The company’s stock has risen more than 30,000 percent in that period, making investors insanely wealthy. The share price has risen from 35 paise per five years ago to Rs 106.8 per unit on April 26, 2023.
This means that if an investor had purchased shares of Flomic Global Logistics five years ago worth Rs 1 lakh, their investment value would have risen to a capital of multiples of crores as of Wednesday, April 26, 2023, an increase of more than 30,400 percent in only 5 years.
Investors who put their money into Flomic Global Logistics have become crorepatis in the long run.
In fact, the small-cap stock has provided its investors with massive returns of 1400 percent in just a two-year period. This means that if a person invested Rs 1 lakh in this stock two years ago, today his investment would have taken the form of Rs 15 lakh.
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