Patience has proven to reap good benefits to investors in the stock markets. An intelligent investor knows how to pick good stocks and wait for time to do its magic.
Sensex and Nifty have been breaking records of late and benefiting the early investors of many blue-chip stocks. On such Indian firm that stood the test of time, and lived through the 2008 recession, followed by the recent NPA (Non-Performing Assets) resolution is IndusInd as its share price hits a new all-time record high of Rs 2028.95 on Thursday morning.
If you had purchased the shares of Mumbai-based private bank exactly 15 years ago at Rs 26.15 per share on 1 August 2003 (as per NSE data), you could have gained a return of 7,659 percent.
At the rate of Rs 2028.95 per share, IndusInd has provided the return of almost 25 percent in 2018, up till now.