Multibagger Stock: It took only 3 years for this stock to hit 13 at Re 1. Have you also invested?

Multibagger Inventory: Kirloskar Electric Company Share name is also included in the list of stocks that bring investors huge gains in a short period of time. This stock has increased investors’ money by 13x in three years. Similarly, the NSE has seen this stock surge by 40 percent over the last month. However, on Tuesday, May 16, Kirloskar Electric’s stock closed at Rs.115.50 (Kirloskar Electric Company’s share price), down 4 percent. The 52-week high for this stock is 125 rupees. The company’s market capitalization is Rs 770.40 crore.

money control According to one report, the Kirloskar Electric Company manufactures electrical and electronic equipment. It offers solutions for customized applications related to industrial power supply and electrical control equipment. The Company provides design, manufacturing, marketing and services for rotating machinery. In the December quarter of fiscal 2023, the Company reported a profit of Rs.3.38 crore versus a loss of Rs.10.87 crore in the corresponding quarter of the previous fiscal year. The company’s revenue increased by 41% to Rs.115.75 crore in the December quarter from Rs.82.10 crore in the December quarter of 2021.

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Good performance
Multibagger stock Kirloskar Electric has long brought huge gains to investors. While this stock has gained 40% over the last month, this stock has itself given investors a 70% gain over the last 6 months. So far in 2023, this stock has returned 80%. In one year, it has given investors a whopping 393 percent gain.

Made 13 lakhs from 1 lakh in 3 years
Kirloskar Electric shares have wowed investors for the past three years. During that period, this stock has brought investors a gain of 1220 percent. In May 2020, the price of one share of the company was 8.75 rupees. The price has now risen to 115.50 rupees. That is, if you invested Rs. 1 lakh in this stock three years ago, your amount would have increased to Rs. 13 lakh today.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in these, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )

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