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Multibagger Stock: There are many such companies in the stock market which give strong returns to their investors. This electrode making giant HEC (HEG). This company has given strong returns to its investors in the long term and has increased their capital up to 75 times. The stock of this company is seeing tremendous growth even now and has registered a growth of more than 8 percent within just one week.
The country’s largest firm ICICI Direct has fixed the target price of this company’s stock at Rs 1,225 per share. Currently this share is at Rs 1,031 per share. In such a situation, its target price is about 18 percent higher. If you are also planning to invest in this share, then we are giving you information about its details.
Company gave up to 75 times return to investors
Let us tell you that the shares of HEG were priced at Rs 13.75 per share in the year 1997, whereas after 25 years, the share price has increased by 75 times and today the share closed at Rs 1.031 per share with a gain of 2 per cent. Has happened. In such a situation, if an investor had invested Rs 1997, then it would have turned into Rs 75 lakh now. While talking about this year, this share was at Rs 1944.75 on January 13, 2022. At the same time, due to continuous selling this year, the stock fell to Rs 891.15. After this, a continuous increase in the shares of HEG is being registered till December. Since June till now, the shares of the company have registered a gain of 16 per cent.
Company’s investors will get strong returns in future
Let us tell you that the world is continuously taking steps for carbon neutrality in the coming times. Such steel making companies are also using graphite electrode fiercely. In such a situation, the demand for the company’s products is going to increase in the coming times. In such a situation, the shares of the company can increase rapidly in the coming days. The company has recently informed the stock market that it has set up its own set-up to make graphite for lithium cells. Because of this also, tremendous growth is expected in the shares.
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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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