This multibagger stock has increased by 103% so far this year, know how beneficial it is to invest

Top Multibagger Stock 2021: Shares of APL Apollo Tubes have outperformed by giving multibagger returns. The stock has gained 103 percent so far this year. Apart from this, there has been an increase of more than 260% in the last one year (September 2020 to September 2021). It has increased from ₹ 480 per share level in September 2020 to ₹ 1,750 per share at present. APL Apollo is one of the leading Branded Steel Products Manufacturers in India. According to experts, the stock is witnessing strong growth due to high demand in the product category, launch of new products under the parent company and newly merged entity.

There has been a tremendous increase in the shares of the company in the last 1 year. Those who had invested in the stock of this company 1 year ago, today they are getting returns of more than 260%. Presently the company’s position is better and its shares are expected to rise further. However, if you are willing to invest, then you should consult an expert about this. It is only beneficial to invest wisely.

Company’s image likely to improve
The diversified product portfolio of APAT and the presence of the company across India helps in reducing the concentration risk. The recent merger of Tricot in APAT is expected to improve sales volume on account of new cross-selling opportunities and higher consolidated advertising spend. This is likely to improve its brand presence and image.

Keep these things in mind before investing
As stock market experts say that before investing in any company, you must know about its past record. Apart from this, if you invest in the company for a long time, then you will have more chances of getting better returns.

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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