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Multibagger Stocks: Some stocks of the stock market have given good profits in a very short time. One such is the shares of Kirloskar Electric Limited, which has given a return of 45% in just one month. At the same time, since January this year, this return has doubled.
The stock of Kirloskar Electric Company Limited has given a return of 85% during YTD. Kirloskar has given strong returns during one year and has become a multibagger stock. In the last one year, the shares of Kirloskar Electric Limited Company have given a return of 450 per cent.
LIC’s stake
Kirloskar is an LIC backed company, in which Life Insurance Corporation holds 1.26 per cent stake. On Monday, this small cap stock had reached lifetime high level. Although the stock of this company has declined by 1 percent on Tuesday and it is trading at Rs.119.10 per share.
kirloskar share price history
This multibagger stock has registered a gain of 5 per cent in the last one week. At the same time, this stock has reached from Rs 83 to Rs 119 per share during a month. Whereas during YTD this stock was at Rs 64.50 per share. Six months ago this stock was at 67.65 per cent. Whereas during one year this stock was at Rs 22.30 per share.
One lakh made Rs 5.5 lakh
Kirloskar’s stock has given Rs 1 lakh to Rs 5.5 lakh in a year. While Rs 1.45 lakh during a month, Rs 1 lakh has been converted into Rs 1.85 lakh during YTD. Investors who invested Rs 1 lakh six months ago will get Rs 1.80 lakh today.
LIC’s shareholding in Kirloskar Electric
The insurance giant holds 8,34,457 shares in Kirloskar Electric for the January to March 2023 quarter. Which is 1.26 per cent of the total paid-up capital of the company.
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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