Missed it? THIS stock turned Rs 1 lakh into Rs 1 crore—Will it soar again?

Investing in the stock market requires thorough research and patience, as success doesn't come easily. A perfect example of this is the remarkable rise of CG Power and Industrial Solutions. A penny stock traded at just ₹5.85 in 2020, it has now risen to ₹638 on the BSE.

This means it has seen a massive return of 10,923% in five years. Investors who invested ₹1 lakh back then would now have a portfolio worth ₹1.09 crore. This shows the multibagger potential of the stock. CG Power shares have significantly rewarded long-term investors.

It has risen by an impressive 13,838% in the last 25 years. It is up 34.44% from last year. However, its performance has been volatile in recent months, falling by more than 12.5% ​​in the last six months. Despite market pressures, it has increased by 10.23% in a month.

Year-to-date, the stock is down 13.10%, falling from ₹741 to its current level. Recently, CG Power announced an interim dividend of ₹1.30 per share for FY25, which is 65% of the face value of a share. The company has set March 22 as the record date. The dividend is scheduled to be paid on or after April 16, 2025.

Financially, CG Power's net profit fell 68% to ₹237.85 crore in the third quarter of FY25. However, total revenue rose a strong 27% year-on-year to ₹2,549.28 crore.