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Multibagger Stocks LG Balakrishnan Stock Price: If you are planning to invest in the stock market, then this news can prove to be useful for you. However, investing in it is full of risk. It would be better if you do not invest without the advice of a market expert. LG Balakrishnan & Bros (LG Balakrishnan & Bros), the company that manufactures timing chains in the country, has proved to be a multibagger for investors in the long run. It is expected to increase in the future as well. Know how much profit has been received.
How much was the share price
According to media reports, LG Balakrishnan & Brothers Company is the largest company in the country to supply drive chains for two-wheelers. It is also supplying timing chains to companies manufacturing four wheelers. Its products are also exported to America. The total market cap of this company is Rs 2,184.28 crore. Its shares closed at Rs 695.80 on BSE on Friday, December 9. Now this share can reach the price of Rs 848, which is about 22 percent more than its current price.
Fund of 60 thousand was made 1 crore
Shares of LG Balakrishnan & Brothers Company 20 years ago on March 28, 2002 was just Rs.3.94. Compared to 20 years ago, today it has increased 176 times to reach Rs 695.80. It is expected to increase in the future as well. If an investor had invested only Rs 57,000 in this stock 20 years ago, the value of his investment would have increased to Rs 1 crore today.
Great profit in short time
Balakrishnan & Brothers Company has earned investors excellent returns not only in the long term but also in the short term. On June 20, 2022, the stock was at a one-year record low of Rs 508.90. Then the purchase of its shares increased and by September 16, it has achieved a record level of Rs 805.15. In this way, it has given 58% return to the investors in just 3 months. After this, there was a decline in the shares again, and now it is available at a discount of 14 percent.
News Reels
Shares will rise
It has become the largest company in the country to manufacture chain transmission. It has 75 per cent share in the domestic market and 50 per cent share in the replacement market. The company can expand further. The demand for two wheeler vehicles is increasing in the domestic market, in view of which the brokerage firm has expressed good hope. The brokerage firm believes that its revenue from transmission can grow at a compound annual growth rate (CAGR) of 24 per cent in FY2024. The brokerage has a buy rating on it with a target price of Rs 848.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
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