With 300% rise in one year, this stock has made investors rich, do you have it?

Multibagger Stock: With the Indian indices reaching higher levels, stock market experts have come up with an advice for retail investors. He has suggested ‘stock specific’ trade in the current market scenario as there are still a handful of quality stocks available at discounted prices which have a track record of giving great returns to the shareholders.

Experts have pointed to the stock of Apollo Pipes. This share of Ashish Kacholia portfolio is one of the multibagger stocks in 2021. It has given over 300 per cent return to its shareholders in the last one year. Experts believe that the stock has been in an ‘uptrend’ and may continue to move higher.

share price history

• The stock has gone through profit-booking in the last one week. Otherwise, it remained a profitable stock for its shareholders throughout the year.
• The stock has given nearly 15 per cent return to its shareholders in the last one month from Rs 1339.35 per share level to reach Rs 1535 per share mark (1:45 pm today).
• In the last six months, the share price of Apollo Pipes has risen from Rs 894.10 per equity share to Rs 1535, giving a return of around 72 per cent to its shareholders.
• In terms of year-to-date (YTD), this stock has given 114% return to its shareholders.
• In the last one year, this share has increased from Rs 380 per share to Rs 1535, i.e. an increase of about 303 percent in this period.

Ashish Kacholia’s stake in Apollo Pipes
As per the shareholding pattern of Apollo Pipes for the quarter April to June 2021, Ashish Kacholia holds 4,68,969 shares of Apollo Pipes, which is about 3.58 per cent of the total shares of the company.

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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