Multibagger Stocks: Investors Get Rich in 4 Years, Rs 50,000 to Rs 21 Lakhs
On 1 October 2020, Patti Engineering’s share price on BSE was just ₹30.75.The share closed at ₹ 1289.65 on 1 October 2024.Thus, during this period, the stock has given a whopping return of 4000%.
New Delhi. Every investor wants his investment to double, triple or 10 times in a short time, and for this he looks for options with good returns in the short term. There are some stocks that give investors bumper returns in a short span of time. One of them is Pitti Engineering, which has grown investors’ money nearly 42 times over the past 4 years. Patti Engineering is India’s largest manufacturer of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors and press tools. The company is listed in the stock market since 1994.
Brokerage house DR Choksi expects Pitti Engineering shares to rise further. The brokerage has given a target price of ₹ 1552, recommending a buy on this multi-beagger share. On 1 October 2020, Patti Engineering’s share price on BSE was just ₹30.75. The share closed at ₹ 1289.65 on 1 October 2024. Thus, during this period, the stock has given a whopping return of 4000%.
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50,000 became Rs.21 lakhs.
If one had invested ₹ 50,000 in Patti Engineering’s multibagger shares 4 years ago, today that investment has become ₹ 21 lakh. Similarly, an investment of ₹1 lakh is now worth ₹42 lakh. Even in the last one year, shares of Pitti Engineering have given investors double returns. The stock has given investors a 116% return over the past 12 months. The stock has gained 81% so far in 2024 and nearly 60% in the past 6 months. The market cap of the company has crossed Rs 4500 crore. Patti Engineers has a 52-week high of Rs.1447 and a 52-week low of Rs.584.25.
360 crore QIP
In July this year, Patti Engineering had launched a Rs 360 crore Qualified Institutional Placement (QIP). In FY2024, the company’s gross revenue was Rs 1201.59 crore, while net profit was Rs 90.19 crore.
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Tags: money making tips, Multi bagger stock, Stock market, Stock tips
First Publication: October 2, 2024, 18:51 IST
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