Multibagger Stock: Despite the selling heat for more than two months, some Indian stocks have managed to deliver great returns over the past two years, especially after the market’s low on 23 March 2020. Shares of Tata Steel and Tata Consultancy Services (TCS) are one of them. In recent bearish markets, these two Tata Group stocks have recently settled near their 52-week lows. Though both these stocks have still managed to double their shareholders’ money in the last two years.
TCS Share Price: Shares of Tata Consultancy Services o TCS are at their 52-week low. are close to 3036 each, which is approximately . is 350 below its current level. However, if we look TCS Share Price History After the market low in March 2020, the Tata group stock still looks to be a strong portfolio stock as it has managed to double its investors’ money in the last two years. As per the share price history of TCS, this stock was closed at 1654 on NSE as on 3rd April 2020 while TCS share price is today 3385, registering an increase of about 105 percent in about two years. So, TCS shares have more than doubled their shareholders’ money despite falling near their 52-week low.
Share Price of Tata Steel: This share of Tata Group has lost about 18 per cent in the last one month. The Tata group stock is undergoing heavy sell-off after commodity prices appreciated sharply at record highs. Tata Steel share price hit its intraday low on Monday 1094 on NSE, which is 44 above its 52-week low 1050 on NSE. Shares of Tata Steel closed on Monday 1109 each level on NSE. However, if we look at the rally of this metal stocks over the last two years, the stock has given a great return of 340 per cent in the last two years. As per the share price history of Tata Steel, it was closed at 253 on NSE as on 3rd April 2020 while it ended 1109 on Monday. So, despite being badly hit by the recent sell-off, in almost two years, per share has increased by 856.
Hence, despite being close to 52-week lows, these two Tata group stocks have delivered multibagger returns to their shareholders at the post-market bottom in March 2020.