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This multibagger stock gave 300% return to investors in just 8 months, know how this stock grew

Top Multibagger Stock 2021: The year 2021 is full of such stocks which have given more than 100% return to their shareholders. However, there are some stocks in this list of multibagger stocks of 2021, which have given more than 300 percent returns in less than 9 months. The shares of Elecon Engineering Company are also included in this. Its investors are looking very excited about the huge returns.

The industrial equipment maker is one of the two new stocks that Vijay Kedia added to his portfolio in the April-June 2021 quarter. This Vijay Kedia Portfolio stock closed at ₹ 42.60 on 31 December 2020 and closed at ₹ 175.95 per equity mark on 13 September 2021 on NSE. It has increased by 4.13 times so far this year.

alcon engineering company stock past record
This stock of Vijay Kedia started moving upwards after profit-booking. The stock has gained about 3.5 percent in the last 5 trading sessions. However, if we look at the record of the last 1 month, it has come down by about 1.5 percent. Vijay Kedia Portfolio stock has given multibagger returns of around 170 per cent in the last 6 months. In year to year (YTD) terms, the stock has given around 315 per cent return after rising from ₹42.60 per equity share level to ₹175.95 per stock mark.

how was the impact on investment
If an investor had invested Rs 1 lakh in this Vijay Kedia portfolio stock 6 months ago, he would have got a return of Rs 2.70 lakh today. If an investor had bought this share of Vijay Kedia at the price of 31 December 2020, then his Rs 1 lakh would have become Rs 4.13 lakh.

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.)

Also read: Multibagger Stock Tips: This multibagger stock changed the fortunes of investors in 10 years, gave a return of one crore on 1 lakh rupees

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who hails from Uttarakhand. Shivam is a professional full time Digital Marketing and PR expert with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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