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This multibagger stock has given 300% return in 2021, would you bet

Multibagger Stock: Vijaya Kedia Portfolio Stock Elecon Engineering has given 300% returns to its shareholders in 2021 or year-to-date (YTD) so far. According to stock market experts, it is still bullish on the multibagger stock chart pattern and from a medium term perspective it can go up to Rs 240.

However, the stock is facing minor hurdles ranging from Rs 190 to Rs 200. Market experts advised investors to buy Vijay Kedia Portfolio stock at current levels as it has a strong support base of Rs.149.

Alcon Engineering Share Price History
This multibagger stock has witnessed profit-booking in the recent sessions as it has given around 3.34 per cent return to its shareholders in the last one month, while it has gained 162 per cent from Rs 63.50 to Rs 167.60 in a span of 6 months. In YTD terms, this engineering share has risen from Rs 42.60 to Rs 167.60 per share. There has been an increase of about 300 percent in this period.

Stock market experts are seeing the expectation of further growth in this multibagger stock in 2021. According to him the stock still looks positive on the charts and one can buy Vijay Kedia Portfolio stock at the current market price with an immediate short term target of Rs 185 to Rs 200.

According to an expert, “The stock looks very bullish on the chart pattern with strong support base at Rs.149. One can buy the counter with a medium term target of Rs.240 at current market price and put the stop loss at Rs.149. can keep.”

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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