Shares of paint company made investors millionaires, experts gave this advice regarding stocks

Multibagger Stock: Investing in the share market is considered very risky. Nowadays, a period of turmoil is going on in the stock market. But even in this era, there are many such stocks which have made their investors rich by giving tremendous returns. The stock we are talking about today is Berger Paints. Yesterday a huge upheaval was seen in this stock. Where once there was a huge decline in the stock. After that, the stock closed at Rs 558.30 with an increase of 3 per cent.

This stock has proved to be a multibagger.

Talking about the long term, this stock has given strong returns to the investors. This share was selling 19 years back on April 2, 2004 at Rs.4.85. At the same time, an increase of up to 115 times has been registered in this stock and it closed at Rs 558 on Friday. In such a situation, in less than 20 years, this share has converted Rs 1 lakh of investors into Rs 1.15 crore. On the other hand, if we talk about last year, in the month of February this share was at Rs 745.60. This was the highest level of the year. After this, heavy selling was seen in the shares and it has now fallen to Rs.558. The name of this share is Berger Paints.

Know what is the opinion of experts about the stock

Let us tell you that the results of the October to December quarter of the company have not been good. In December, the annual earnings of the company registered a decline of 13.4 per cent. In such a situation, the domestic brokerage firm ICICI Securities has told that due to the decrease in profit, the shares of the company may decline. simultaneously year 2023 Due to rising inflation and entry of local players in the market, a huge decline in the profit and revenue of the company can be recorded. According to ICICI Securities, the company’s shares can fall by about 9 per cent from its current price and it can reach Rs 505 per share.

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.)

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