This stock made Rs 1 lakh in 2021 Rs 4.2 lakh, do you have it

Multibagger Stock: 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 2021, which have given more than 300 percent return in less than 9 months.

The share of Elecon Engineering Company is one such share. 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 had closed at Rs 42.60 on 31st December 2020 and on 13th September 2021, it closed at Rs 175.95 per equity mark on NSE, i.e. increased 4.13 times in the year 2021.

Share Price History of Alcon Engineering Company

  • According to Vijay Kedia’s stock price history, it has started an upward move after a fortnight of profit-booking.
  • The stock has risen nearly 3.5 percent in the last one month in the last 5 trading sessions. It has declined by about 1.5 percent.
  • But, Vijay Kedia Portfolio stock has given multibagger returns of around 170 per cent in the last 6 months.
  • However, in terms of year to date (YTD), the stock has given around 315 per cent return after rising from Rs 42.60 per equity share level to Rs 175.95 per stock mark.

impact on investment

  • The price history of this stock can also be understood in such a way that if an investor had invested ₹ 1 lakh in this stock 6 months ago, then his Rs 1 lakh would have become Rs 2.70 lakh today.
  • If an investor had bought this share at a price close to December 31, 2020, then its Rs 1 lakh would have become Rs 4.13 lakh today.

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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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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