Stocks that got rich within a year will rise further, brokerage said – BUY.

Stocks to buy: Shares of iron and steel maker Maine Industries have given investors huge returns over the past year. Today, the last day of the business week is also seeing an increase in stocks. Shares of Main Industries today rose seven percent to Rs 423.30 intraday. Later it declined marginally and started trading at Rs 413.80 on the NSE, up nearly five percent. Brokerage firm MK Global has initiated coverage of this multi-beagger stock with ‘Buy’ rating. The brokerage says that this stock can see an increase of 27% in the coming time.

Shares of Maine Industries today opened at Rs 401.10, up from yesterday’s price of Rs 394.40. This stock saw good action throughout the day. The stock has a 52-week high of Rs.454.90 and a 52-week low of Rs.129.35. The market capitalization of the company is Rs 2,686.51 crore. The share of promoters in the company is 46.15 percent and public holding is 48.9 percent. Foreign institutional investors also hold 1.64 percent of the company’s shares.

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MK Global was advised to buy.
According to a Money Control report, venture firm MK Global has suggested buying shares of Maine Industries. MK wrote in his note that the stock price has doubled recently due to improved business fundamentals and execution of expansion plans already announced by the company. According to MK, due to the implementation of the project, the group’s revenue may double in the next 3-4 years.

MK Global believes that MAN Industries’ transition from demonstrating capability to delivering that capability can create meaningful value for shareholders going forward. MK Global has set a price target of Rs 500 per share of Main Industries.

162% profit in one year
Maine Industries shares have made investors rich. This share has given a profit of 162% in one year. This means that investors’ money has more than doubled in just one year. So far in the year 2024, Maine Industries shares have given investors around 48% return. This multi-beagger share price has increased by 19% in a month.

(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).

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