London, April 16, 2024 (Financeflashnews) – Investors on the Indian stock market have been on a wild ride in recent years. While some stocks have been plummeting, others have been skyrocketing. One of the most remarkable examples is the stock of Lloyds Metals and Energy (LME), which has surged by an incredible 6,000% over the past three years.
From $13.19 to $7,822.80 in 3 Years
In March 2021, LME stock was trading at ₹11. Today, April 16, 2024, its price has soared to ₹673.70, representing a gain of 6,024%. This means that investors who invested $13.19 three years ago would now have shares worth $7,822.80 !
Are There Similar Miracles on the Stock Market?
The Lloyds Metals and Energy (LME) stock, which has soared by an incredible 6,000% over the past three years, is undoubtedly an exceptional phenomenon on the stock market. However, there are also other stocks that have seen significant growth in recent years.
Here are a few examples:
- Aavas Financials: This Indian microfinance company has grown by 2,900% in 3 years.
- Suzlon Energy: This Indian wind turbine manufacturer has grown by 1,300% in 5 years.
- Tata Consultancy Services (TCS): India’s largest IT company has grown by 800% in 10 years.
- Eicher Motors: This Indian motorcycle manufacturer has grown by 600% in 10 years.
It is important to note that these examples are just illustrative and do not guarantee that history will repeat itself. Investing in stocks is always associated with risk, and past performance is not a guarantee of future results.
