This multibagger stock gave about 290 percent return in 2021, would you bet?

Multibagger stock: Nitin Spinners stock is one of the multibagger stocks of 2021 in India. The stock has given around 290 per cent returns to its shareholders year-to-date, while in the past one year, this multibagger stock has risen close to 500 per cent. This stock is included in the portfolio of veteran investor Dolly Khanna. Doli Khanna also looks bullish on the counter as she increased her stake in the company in the September 2021 quarter.

As per the Nitin Spinners shareholding pattern for the July to September 2021 quarter, Dolly Khanna holds 9,23,373 shares or 1.64 per cent stake in the company, while the veteran investor’s stake in the company stood at 6,95,095 shares in the June 2021 quarter, which is was 1.24 per cent of the total paid-up capital of Rs. This means Dolly Khanna is bullish on the counter as she bought an additional 0.40 per cent stake in the company in Q2FY21.

Like Dolly Khanna, stock market experts are also full of expectations about this multibagger stock. He believes that the stock has given a breakout recently and it may go towards the level of ₹ 350 per share in the short term.

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