Multibagger Stock: As long as one can hold quality stocks, not only does the stock market help investors maximize returns, but it also helps reduce the risk factor involved in equity investing. According to market experts, patience is an important factor in investing in the stock market as the ‘buy, hold and forget’ strategy can turn an investor into a great investor. One needs to look at Radico Khaitan shares to know how long term investments help grow investor’s money faster. It is one of the multibagger stocks in 2021 as it has given year-on-year returns to its shareholders i.e. around 140 per cent in 2021.
Radico Khaitan’s share price on NSE has risen by 8.79 per share level (Nov 7, 2003 closing price on NSE) 1090 (11:58 AM on NSE today), is growing almost 124 times in this long 18 years. So, if an investor had bought Radico Khaitan shares 18 years ago and had invested in this multibagger stock during this period, his money would have grown 124 times today.
Radico Khaitan Share Price History
Radico Khaitan shares jump 1022 to 1090 per share level in the last one month, yielding around 6.65 per cent in this period. Over the past six months, this multibagger stock has risen from close to from 570 1090, registering a growth of almost 90 percent in this period. However, the stock of this liquor has jumped in the last one year. 462.70 per level to 1090 per share, giving about 135 percent return to its shareholders. Similarly, in the last 5 years, this Multibagger stock has risen by approx. from 125 1090 per share level, gives approximately 775 percent return to its shareholders.
Similarly, over the past 18 years, it has grown from multibagger stock. 8.79 per share level to 1090 points, giving a return of approximately 12,300 percent to its shareholders.
Impact on Shareholders’ Investments
Taking cues from Radico Khaitan’s share price history, if an investor had invested 1 lakh in this multibagger stock a month ago, its would have turned into 1 lakh 1.06 lakh today. If the investor had invested 1 lakh in Radico Khaitan’s shares 6 months ago, its would have been 1 lakh 1.90 lakh today. If the investor had invested 1 lakh in stock of this brewery a year ago, its would have turned into 1 lakh 2.35 lakh today. Similarly, if the investor had invested 1 lakh in Radico Khaitan’s shares 5 years ago, its will be 1 lakh 8.75 lakhs today.
Similarly, if the investor had invested 1 lakh 18 years ago in this multibagger stock 8.79 each level, and during this period of 18 years was invested in the counter, its would have turned into 1 lakh 1.24 crore today.
However, stock market experts are still bullish over the counter. He is of the opinion that one can buy this multibagger stock at current market price for short term target 1150 per share level. He said Radico Khaitan shares have given fresh breakout at 1060 level and it is looking very bullish on chart pattern.
Radico Khaitan share price forecast
Speaking for the short term on Radico Khaitan’s share price target; Mudit Goel, Senior Research Analyst, SMC Global Securities said, “Radico Khaitan shares gave a fresh breakout on Tuesday. 1060 level and it is looking very bullish on the chart pattern. One can initiate buying momentum in this counter at the current market price for the immediate short term target of Maintaining a stop loss at 1150 1070 each level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,