Shreenivas' Comments

Thursday, December 13, 2007

India Bulls - The MultiBagger

I didnt know this but India Bulls is a multi bagger. I got it around 1 year back i.e. some time in oct-dec 2006 and woah! it has given me almost 500% returns for my investment. I always used to crib for not investing in the right stock but realised this after careful investigation of portfolio. Here is how it is a multi bagger.

20 shares of India Bulls (IB) @ 355 = 7178
got 20 shares of India Bulls real estate (IBR) @ zero cost
Current price of IB - around 915 = 18300
Current price of IBR - around 750 = 15000
Total = 33000
Gain = 33000/7178 = 4.63 = 463%!!!

After all I am not all that bad investor. am I? :-)

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