In the year 2021, this multibagger stock made investors’ money 3 times, know these things before investing

Elecon Engineering Stock: In the year 2021, the stock market has now reached its all-time high. In such a situation, all the small cap, mid cap and large cap stocks have turned into multibagger. One of these stocks in the Vijay Kedia portfolio is Elecon Engineering. This stock has given 300% return to its shareholders in 2021 so far. According to stock market experts, this multibagger stock can go even higher.

Previous Record of Alcon Engineering Share
This multibagger stock has witnessed profit-booking in the recent trading sessions as it has given returns of around 3.34 per cent to its shareholders in the last one month. Looking at the record of the last 6 months, then this stock has increased from Rs 63.50 to Rs 167.60 with a growth of 162 percent. This year (Year to Date) this engineering share has increased from 42.60 to 167.60 per share level. Its price has increased by almost 300 percent in this period.

Is it profitable to buy this stock?
If the stock market experts are to be believed, then at present this stock is moving at a very good pace. This stock is expected to give better returns in the next few months. Right now the price of this stock is ₹ 167 per stock, which can reach ₹ 200 in the next few months. However, before investing, you must consult an expert and try to keep the investment for a long time.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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