[ad_1]
Multibagger Stocks: Investing money in the stock market is considered extremely risky. In such a situation, it is very important to get the right information about the share before investing in it, but there are some such shares in the market which have managed to give strong returns to their investors in the long run. Such shares are called Multibagger Stock. The name of the country’s largest non-banking financial company i.e. NBFC Poonawalla Fincorp comes in the top companies of Cyrus Poonawalla Group.
Shares of Poonawalla Fincorp have given multi bagger returns to its investors over the long term and have made their investments grow manifold. At present also a strong jump is being registered in this stock and in just five days the stock has gained 18 percent. According to market experts, Poonawalla Fincorp Shares can earn huge profits for investors even further. Come, we are giving you information about this multibagger share-
Share will go up now
Let us tell you that the big brokerage firm Motilal Oswal has expressed the hope about the shares of Poonawalla Fincorp that the shares of the company can go up further in the coming times. The firm has set a target price of Rs 350. In this case, it is about 13 percent more than the current price. Is too much. Yesterday the shares closed at Rs 307.50. On the last trading day of the year, the shares of the company registered a gain of 1.60 per cent and closed at Rs 307.50.
In 20 years this share changed 22 thousand in crores
20 years ago today, on February 20, 2002, the shares of Poonawalla Fincorp are trading at 65 paise. In such a situation, now this share has increased by 472 times in the last 20 years and it is currently trading at Rs.307.50. The special thing about this stock is that it has given strong returns to the investors not only in long term but also in short term. If you had invested Rs 22,000 in this stock in 2002, you are now the owner of Rs 1 crore.
Gave strong returns in one year
Last year on December 31, 2021, this share was trading at Rs 219.25. Now it is trading at 307.50 on 31 December 2022. In such a situation, in just one year, this stock has given strong returns of up to 40.25 per cent to the investors. The stock had reached a record high of Rs 343.75 in the month of April, but later declined and is currently trading at Rs 307.50.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)
read this also-
New Year 2023 Gifts: Give these financial gifts to your family on New Year, future will be secure
[ad_2]
Source link