Multibagger Stock: Patience is one of the most important qualities for stock market investors. According to a few investors, the money is not in buying and selling of shares but in waiting. One should try to keep a quality stock as long as possible. A longer holding period not only lowers the risk factor of equity exposure, it also helps the investor to maximize his profits. The shares of Eicher Motors are a vivid example of this ‘buy, hold and forget’ strategy. Over the past 20 years, the share price of Eicher Motors has risen ₹from 2.43 ₹2712 per share level, increasing nearly 1116 times over the past two decades.
Eicher Motors share price history
In the last six months, the share price of Eicher Motors has soared ₹from 2447.25 ₹2712 levels, yielding around 11 per cent to its shareholders, while in the last one year, this auto stock has registered a growth of around 24 per cent. In the last one year, the share price of Eicher Motors has risen ₹from 2192.85 ₹2712 each level. In the last one and a half years, this stock has given multibagger returns of about 115 per cent. Eicher Motors share price rises near ₹1268 to ₹2712 per share level from April 2020 till date. Over the past 10 years, this multibagger stock has been around . has grown from ₹from 174 ₹The level of 2712, rising almost 15.60 times over this period.
Similarly, over the past 20 years, the share price of Eicher Motors has risen. ₹2.43 (Closing Price on NSE as on November 15, 2001) to ₹2712 (closing price on NSE on 8 November 2021), raised 1116 to its shareholders’ money in this period.
impact on investment
Taking cues from Eicher Motors share price history, if an investor had invested ₹10,000 in this auto stock six months ago, its ₹would have turned into 10,000 ₹Today 11,100. If the investor had invested ₹10,000 in Eicher Motors shares a year ago, its ₹would have been 10,000 ₹Today 12,400. Similarly, if an investor had invested ₹At the beginning of April 2020, around 10,000 shares of Eicher Motors are buying in this stock. ₹1268 per share level and till date was invested in the counter, its ₹would have turned into 10,000 ₹21,500 today.
Similarly, if an investor had invested ₹10,000 in this stock 10 years ago, its ₹would have turned into 10,000 ₹1.56 lakh today. However, if an investor had invested ₹10,000 in this stock 20 years ago and invested in this stock during this period, its ₹would have turned into 10,000 ₹1.116 crores today.
Eicher Motors Share Price Outlook
To advise the stock market investors to buy this multibagger stock; Sumeet Bagdia, Executive Director, Choice Broking said, “Eicher Motors has given a new breakout ₹2712 based on closing and it could go up ₹from 2900 ₹3000 in the near short term. One can buy this counter at the current market price while maintaining the stop loss ₹2600 per share level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.