New Delhi: In the year 2021, the stock market has made investors rich. This year many stocks have given returns of up to 100 per cent to the investors. At the same time, there are many stocks in the list of Multibagger stock 2021, which have given returns of more than 300 percent in just 9 months. The share of Elecon Engineering Company share is one of the list of multibagger shares.
Vijay Kedia (Vijay Kedia stock) has added 2 shares of Industrial Equipment Manufacturing Company to its portfolio in the April to June 2021 quarter. Vijay Kedia portfolio stock closed at Rs 42.60 on 31 December 2020 and closed at Rs 175.95 per equity mark on NSE on 13 September 2021. So far in the year 2021, it has increased by 4.13 times.
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Know about Elcon Share (Elecon Engineering share price)
This stock of Vijay Kedia started an upward move after a fortnight of profit-booking. The stock has risen nearly 3.5 per cent 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 the year-on-year (YTD), the stock has rallied from Rs 42.60 per equity share level to Rs 175.95 per stock. This stock has given a return of about 315 percent.
1 lakh becomes 4.13 lakh
If an investor had invested 1 lakh in this stock 6 months ago, then his 1 lakh would have become 2.70 lakh today. However, if an investor had bought this share of Vijay Kedia at the close of 31 December 2020, then its 1 lakh would have become 4.13 lakh today.
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Know what is the opinion of experts?
Speaking on the target price of Alcon Engineering Share, Sumeet Bagdia, Executive Director, Choice Broking said, “The stock looks bullish on the technical chart pattern. It may soon give a breakout at Rs 185 and then reach Rs 225. Hence, one can buy this Vijay Kedia Portfolio stock currently. In this, you have to maintain a stop loss at Rs 165 for a target of Rs 225.
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