In this article, we will discuss the penny stock, which has turned your investments of a few lac into crores. The company name is Orient Paper Mills, which is part of CK Birla group. This is part of Orient paper & industries, the whole orient paper and industries also includes businesses like Portland cement and electrical appliances.
As per available data from Google, finance the stock was closed at Rs.0.41 per share on 01 January 1999 and now trading at Rs.35.00 per share on dated 13 October 2022. Which means it has delivered returns of 8436.59% over the period of 23 years.
*The mentioned rates are inclusive of all the bonuses and stock splits during that period.
If you could have invested just Rs.1 lac at that time then your investments could have turned out to be Rs.85,36,585. The mentioned stock has a 52-week high of 39.40 per share and 52-week low of Rs.19.80 per share.
The mentioned returns are without considering any dividends. Now let’s take a look how much you could have earned from dividends:-
|Announcement Date||Ex-Date||Dividend Type||Dividend (%)||Dividend (Rs.)||No. of stocks||Total returns|
Company is continuously paying dividends over the period. At Rs.1 lac investments you could have got 243902 shares and after the stock split in 2008 your stocks could have been increased to 2439024, so you could have got Rs.3,25,60,976 as dividend income only. These are such huge returns from one particular stock only and in the year 2022, you could get 6 times the investment amount.