Multibagger Stock: The year 2021 has delivered a large number of multibagger stocks. Shares of SRF Limited have doubled investors’ money in 2021 so far. In comparison, the Nifty 50 index has gained over 25 per cent and the S&P BSE Sensex index has gained over 23 per cent.
This multibagger stock has increased from Rs 5,571.8 to Rs 11,296.65. It has gained 103 per cent since the beginning of this year and has grown by 159 per cent in the last one year. Long term investors have made fortunes by investing in this chemical stock as it has gained 580 percent in the last five years and 3,523.5 percent in the last ten years.
The large-cap stock rose 6 per cent to hit an all-time high of Rs 11,296.65 on the BSE. With a market capitalization of over Rs 66,000 crore, the stock is trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200-day moving averages.
The company reported a net profit of Rs 395.28 crore for the quarter ended June 2021, as against Rs 177.09 crore in the year-ago period. Revenue from operations grew 75 per cent to Rs 2,699.40 crore in the June-ended quarter from Rs 1,545.15 crore a year ago.
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