Multibagger stocks : Patience is one of the biggest virtues for those investing in the stock market. According to veteran investors, investing in stocks is like investing in a business. One should remain invested in his stock as long as he has confidence in the business model of the company and its profitability. If an investor stays in a good stock for a long time without worrying about any fluctuations in the short term, then it definitely benefits. Navin Fluorine’s stock is a great example of this. In the last 8 years, this Multibagger Chemical stock has increased from Rs 55.26 (Closing Price on January 24, 2014) to Rs. 3803 (Closing Price on January 25, 2022 on NSE) in the last 8 years. During this period, this stock has given a return of about 6800 percent.
The stock has been under profit-booking pressure for the past few trading sessions. In the last 1 month, Navin Fluorine has come down from Rs 4245 to Rs 3803. During this period, it has seen a decline of about 10 percent. This chemical stock has been sideways in the last 6 months. During this period it has increased from Rs 3681.25 to Rs 3803. The stock has gained 3 per cent during this period. At the same time, in the last 1 year, this stock has increased from Rs 2470 to Rs 3803. This stock has seen an increase of about 55 percent in this period.
In the last 5 years, this stock has increased from Rs 540 to Rs 3803. This stock has given a return of 600 per cent in 5 years. At the same time, in the last 8 years, this stock has increased from Rs 55.26 to Rs 3803, registering a jump of 68 times.
If we look at the movement of this stock so far, then if an investor had invested Rs 1 lakh in this stock 1 month ago, then he would have come down by Rs 1 lakh to Rs 90000. On the other hand, if an investor had invested Rs 1 lakh in this stock 6 months ago, he would have been getting Rs 1.3 lakh today, whereas if someone had invested Rs 1 lakh a year ago, he would have been getting Rs 1.55 lakh today.
Today these stocks can have strong earnings in intraday, do not miss them
Similarly, if an investor had invested Rs 1 lakh in this multibagger chemical stock 5 years ago, then today his Rs 1 lakh would have become Rs 7 lakh. On the other hand, if an investor had invested Rs 1 lakh in this stock 8 years ago, he would have been getting Rs 69 lakh today.
Talking on this stock, Sumeet Bagdia of Choice Broking says that there is still a lot of upside potential in this stock. Its chart pattern looks very good. Buying advice for this Chemical stock at current price is Rs 4000-42000 with a stop loss of Rs 3600 for short term target.
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