Multibagger Stocks: In the last few weeks, there was a ruckus in the stock market, but despite this, some stocks have proved to be multibagger in this period as well. One such share is the Tata Elxsi of the Tata Group. It is one of the multibagger stocks in the IT sector. In the last two years, the share price of this software company has increased from Rs 639 to Rs 7045. That is, the shares of the company have given 11 times returns during this period.
Price History of Tata Elxsi
In the last one month, the share price of Tata Elxsi has fallen from Rs 7603.60 to Rs 7045. That is, it has declined by 8% during this period. In the last 6 months, this multibagger share has increased from Rs 5009.30 to Rs 7045. That is, investors got a return of 40% during this period.
If we talk about the returns so far this year, Tata Elxsi has given a return of 20%. During this, its shares increased from Rs 5893.65 to Rs 7045.
If we look at the chart of last one year, the share price of Tata Elxsi has increased from Rs 2696.55 to Rs 7045. During this period, investors have got a return of 160%.
Take a look at these figures before the market opens, it will be easy to catch profitable deals
Shares of Tata Elxsi were at Rs 639.10 on 27 March 2020. According to the closing price of 9 March 2022, its shares have closed at Rs 7045. In this two years, this IT stock of Tata Group has given excellent returns of 1000% to the investors.
What would be the profit if you invested?
If you had invested Rs 1 lakh in Tata Elxsi shares two years ago, then today the value of your investment would have been Rs 11 lakh. If you had put Rs 1 lakh in it even 1 year ago, your return would have been Rs 2.60 lakh. Wherein in 6 months your Rs 1 lakh would have become 1.40 lakh.
What will be the next move of share price
Despite the impressive returns of Tata Elxsi in the last two years, market experts are bullish on it. He believes that its shares may rise further in the coming days.
Sumeet Bagadiya, Executive Director, Choice Broking said, “These multibagger IT stocks are in bull phase. After falling from their lifetime highs, its stocks may bounce back. For short term investors can buy it with a target of Rs 7250-7400. Can buy. However, don’t forget to put a stop loss at Rs.6800. If it crosses the level of Rs.6800, then you can buy more.