Multibagger Stock: The daily fluctuations in the stock market bother many. However, those who patiently stay invested for a long time by choosing good companies, they also get tremendous benefits from it. Eicher Motors is one such company, in which if an investor would have invested 10 years or 20 years ago and had kept that investment patiently till today, then he has become rich today.
Shares of Eicher Motors, which makes historical bikes like Royce Enfield, were trading on the National Stock Exchange (NSE) about 20 years ago at a price of Rs 3.18 (close price on January 25, 2002 on NSE), which is now several hundred times higher. 2,618 (the closing price on NSE on January 28, 2022) has been reached. In this way, it has increased the value of its investors’ money by about 82,225 percent in the last 20 years.
Eicher Motors share price history
If we look at the history of share price of Eicher Motors, we have seen above that it has given returns of 82,225 percent to its investors in the last 20 years. That is, the value of their money has increased more than 822 times. Similarly, if an investor would have invested money in the stock of Eicher Motors 10 years ago, then at that time its price was close to Rs 160. In this way, that investor would have got a return of 1500 per cent on his money in the last 10 years.
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However, in the last 5 years, the stock’s rally has been restrained and during this time this stock has increased from Rs 2340 to Rs 2618. Thus, in the last 5 years, it has given a return of only 12 per cent.
If you look at the price history of the last 1 year of the stock of Eicher Motors, then like any other stock, it seems to be getting hit by the corona epidemic. In the last one year, the stock fell 8 per cent from Rs 2842 to Rs 2618. At the same time, it has gained only 0.50 percent in the last 6 months, while its price has increased by only one percent in the last one month.
impact on investment
If someone had invested Rs 10,000 in this stock 1 month ago, then on that Rs 10,000 he would have been getting Rs 10,100 today. On the other hand, if someone had invested Rs 10,000 in this stock 6 months ago, then today you would be getting Rs 10050 for that Rs 10,000. If someone had earned Rs 10,000 for Rs 160 in 10 years, then today he would be getting Rs 1.60 lakh.
If someone had invested Rs 1 lakh 20 years ago at the rate of Rs 3.18, then today he would have been getting Rs 8.23 crore. On the other hand, if instead of 1 lakh, he had invested 10 thousand rupees, then his 10 thousand rupees would have increased to 82.3 lakh rupees.
Expert opinion
Talking on the future outlook of this stock, Sumeet Bagdia of Choice Broking says that this stock is currently looking bullish from the sideways. This stock can also be bought at the current level. In the short term, a target of Rs 2750-2800 can be seen in this. For this buy put a stop loss of Rs 2500 per share.
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