9 stocks which cost Rs 10K-70K a share gave up to 5,000% return in last 5 years. The year 2017 has been lucky for old as well new investors as benchmark indices have already given a return of over 17 percent so far. But, the story is worth talking if you are an old investor and followed ruled of value investing.
Old-school companies have given a return of up to 5,000 % in the last five years and are now trading over Rs10,000 per share. For some, this price tag could be termed expensive, but merely price is not the sole criteria to determine valuations.
A stock like MRF which rose nearly 600 percent in the last five years now costs over Rs 70,000 per share. An investor could buy a two-wheeler or a motorcycle for the same amount.
Polson which was a three-digit stock five years back now trades at Rs11000 a piece.