Rs 1 lakh to Rs 32 crore in 2 years: This stock made investors rich like a miracle

HEG Limited share price: The equity market is famous for its volatile nature, risks involved, surprises, miracles and rewards. Can you imagine an investment of Rs 1 lakh turning into whopping Rs 32 crores in a period of just around two years? No..? But this has actually happened in the Indian stock markets, as the share of a company has multiplied by about 3200 per cent (33 times) than its historical price in less than two years.
HEG Limited is in the Electrodes & Graphite sector. The current market capitalisation of the company stands at Rs 14,564.71 crore. The midcap stock rose nearly 3200 per cent in less than two years on robust demand for its main product graphite electrode, which is used for making steel worldwide.
Had you invested Rs 1 lakh on HEG Ltd in 2017 then you would have been richer by massive Rs 32 crores in less than two years. Here's how:
HEG Ltd opened at Rs 148.30 per share on 2nd January 2017. It touched the highest price of Rs 4950 in October 2018, which was over 3200 per cent more than the initial price, as per data on the BSE website.
So, if someone would have purchased 675 shares at Rs 1,00,102 2nd January 2017, the same amount would have grown to and fetched Rs 32,51,21,296.
There was a constant upward trend in the price graph of the share from January 2017 to October 2018 due to an increase in demand in graphite in the market, positive sentiments of Investors on HEG, foreign events, outstanding financial results etc.

The company has posted tremendous financial figures over a period of one year. It has shown a massive recovery from a profit of Rs 113 crores in September 2017 to a profit of Rs 890 crores in September 2018. The revenue of the company has increased to Rs 1,800 (Q2FY19-10) crores from Rs 410 (Q2FY17-18) crores on YoY basis.
However, currently the stock is trading at Rs 3,653 on NSE and at Rs 3,645 on BSE, a huge correction from a 52-week high of Rs 4,950 in October 2018.
The company's management includes L N Jhunjhunwala - Chairman Emeritus, Ravi Jhunjhunwala - Chairman & M.D & CEO, Shekhar Agarwal - Vice Chairman, D N Davar - Director, Riju Jhunjhunwala - Director, Kamal Gupta - Director, S N Bhattacharya - Director, O P Bahl - Director, Satish Chand Mehta - Director, Vinita Singhania - Non Executive Director, Ramni Nirula - Independent Woman Director.