Multibagger Stock: A good number of stocks have entered the list of multibagger stocks in 2021, amid Indian benchmark indices hitting record highs. The shares of Xpro India are one of them. There has been a jump in the stock of polymer processing company 33.75 to The year-on-year i.e. 721.65 per share level in 2021, provides over 2,000 per cent return to its shareholders in this period. However, stock market experts are still bullish on the multibagger stock. He believes that any fall in the share price of Xpro India should be seen as a buying opportunity.
According to stock market experts, Xpro India is awaiting profit-booking but may give a sharp ‘uptrend’ after profit-booking is over. He advised investors to maintain ‘buy on dips’ strategy as Multibagger stock has strong support 650 per share level.
Xpro India Share Price History
As per the share price history of this Multibagger stock, it has soared from around 669 721.65 in the last one month, giving about 8 per cent return to its shareholders. Similarly, in the last 6 months, the share price of Xpro India has risen from from 118.70 721.65 levels, a jump of over 500 percent in this period. Similarly, in year-over-year time, the share price of Xpro India grew by 33.75 to 721.65 level, rising up to 21.38 times in this time horizon.
impact on investment
If an investor had invested 1 lakh in this multibagger stock a month ago, its would have turned into 1 lakh 1.08 lakh today. Similarly, if an investor had invested 1 lakh in shares of Xpro India 6 months ago and was invested in this stock during this period, its would have been 1 lakh 6 lakhs today. Similarly, if the investor had invested 1 lakh in this stock on buying Xpro India shares in early 2021 33.75 Each level, its would have turned into 1 lakh 21.38 lakh today.
Xpro India Share Price Target
advising stock market investors to follow the strategy of ‘buying on dips’; Sumeet Bagdia, Executive Director, Choice Broking said, “The stock may give fresh breakout above 780 and it has strong support 650. Xpro India shares should maintain buy on downside strategy as some over the counter profit booking cannot be ruled out. Positional investors can either buy in the vicinity 650 or more 780 Hold the counter for a long period.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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