Bharat Electronics’ share price rose 129% in a year. This multi-bagger stock has given investors 700% return in five years. Brokerage Prabhodas Leeladhar has predicted further upside for this stock.
New Delhi. Only two companies manufacture Electronic Voting Machines (EVM) in India. Electronics Corporation of India and Bharat Electronics, both government owned companies are responsible for manufacturing EVMs. Listed on Bharat Electronics Stock Exchange. The shares of this EVM manufacturing company have been increasing strongly for a long time. Since the last general election, i.e. 2019 Lok Sabha elections, shares of Bharat Electronics have gained 700%. Also, this multi-bagger share has doubled investors’ money in the past one year. Brokerage firm Prabhudas Leeladhar expects the stock to continue its rise in the future.
An increase in the share of Bharat Electronics is being seen even today i.e. on Thursday. At 1:20 pm, shares of Bharat Electronics were trading at Rs 236.45 (share price of Bharat Electronics) on the NSE, up 1.29 percent. Today this multi-beagger stock opened with a gain of Rs.235.60. Once this share went to Rs 237.40. The stock is currently trading near its 52-week high. The stock’s 52-week high is Rs 238. The share price has increased by around 25% in the last one month.
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The price went up to Rs 236 from Rs 29.38.
In the last Lok Sabha elections held in the year 2019, the share price of Bharat Electronics was Rs 29.38. Now the price of this multi-bagger share has increased by 704% to Rs 236.45. That is, in just five years, the capital of the investors has increased eight times. If an investor had invested Rs 1 lakh in this share in the year 2019, today his investment value has increased to Rs 803,267.
In the last one year, the share price of Bharat Electronics has increased by 129%. A year ago, the share price was Rs 102.95. Similarly, in the last six months, this stock has given 72% profit to the investors.
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A share can go up to Rs 280.
In an interview with CNBC-TV18, Prabhodas Laladhar’s Shilpa Rawat advised investors to invest in Bharat Electronics Limited stock. Rawat said that the shares of Bharat Electronics may touch the level of Rs 260-280 in the near future. He has also asked to keep a stop loss of Rs 220 on this share.
(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).
Tags: money making tips, Multi bagger stock, Stock tips
First Publication: April 18, 2024, 13:48 IST
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