highlights
In the June quarter itself, the company started shipping its goods outside of India.
This stock is up 26 percent in one month.
In one year, this stock has given investors a 247 percent return.
Multibagger Stocks: Investors who have invested in Lloyds Metals & Energy shares have turned silver. In three years, this stock has made investors millionaires. At the same time, this stock is up two-and-a-half times the money over the past year. Market experts are assuming that there will be another round of booms for this stock and that the stock can rise by up to 131 percent from the current level. On Friday 7th July Lloyds Metals shares reached Rs 458.50 (Lloyds Metals share price) intraday on the BSE. The stock is up 26 percent over the past month.
The June quarter was the company’s best quarter yet in terms of business. In April-June 2023, the company’s iron ore volume increased by 375 percent year-on-year to 38 lakh tons and DRI (Direct Reduced Iron) volume increased by 44.6 percent to 66273 tons. In the June quarter itself, the company started shipping its goods outside of India.
Also read this – Rekha Jhunjhunwala made a profit of 500 crores in minutes on a single share, this was also a favorite of Big Bull
One lakh became 3 crore
According to a Moneycontrol report, on April 24, 2020, the share price of Lloyds Metal & Energy was only 4.39 rupees. Now the rate has risen to 458.50 rupees. This means that in just three years, investors’ capital in Lloyds Metal has increased by approximately 10,153 per cent and an investment of Rs 1 lakh has now grown to Rs 10,248,291. The shares have also grown rapidly in the last year. On July 25, 2022, it was at 132.45 rupees at its lowest level in a year. After that, the stock hit its 52-week high of Rs.459.90 on July 5, 2023, after rising more than 247 percent in about a year.
Brokers recommend investing money
Brokerage firm Ventura has advised investors to invest in this stock. The broker has maintained a target price of Rs.1,040 on the stock. According to Ventura, in fiscal 2023-26, iron ore production volumes will increase at a CAGR of 65.4 percent to 16.25 million tons and DRI volumes to 6.6 lakh tons (CAGR) of 47.9 percent. According to the broker’s estimates, revenue can grow at a compound annual growth rate (CAGR) of 45.3 percent and adjusted net income at a CAGR of 62.8 percent.
(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen.)
,
Keywords: Business news in Hindi, Tips for making money, stock market, Stock Tips
FIRST RELEASED : July 07, 2023 4:28 PM IST
