Thursday, October 20, 2011

What PETRONET gave to Stakeholders?

Do u know what happened to petronet lng stock??Co came with IPO of price as cheap as Rs.13 in 2003 and now it is trading at 160 levels.That means 12 times returns over 8 year period.Really amazing.If u invested 13000 in petronet during 2003 now it will become Rs.160000.I really don't know how much ppl know about this.
u all know what we get from Sb ac and fixed deposit,mere 3.5 percent and 10 percent per annum.SB ac will give u Rs.3640 as interest and FD will fetch u doubling during this period with an annual interest rate at 11% so maximum return expected is around Rs.30000.
The conclusion here is it is best to buy good quality stocks for a longer term investments