Multibagger Stock 2021: Despite the Covid-19 challenge to the global economy, the Indian stock market has delivered a good number of multibagger stocks in 2021. This list of multibagger stocks in India includes Astra Microwave products, which have given multibagger returns to their investors after appreciating their close of 285.90. in November 2021. The stock is under profit-booking pressure and HDFC Securities sees an opportunity to buy this fall. Brokerage says that it is better to buy this multibagger stock 220 to The 234 range can enable the positioned investors to achieve more than 20 per cent returns in the next 3 months.
Highlighting the reasons for this Multibagger stock being bullish; HDFC Securities’ report says, “The stock has taken support on a change in polarity level and bounced back from that level.” Short term trend of the stock has turned positive after taking support.
The brokerage has advertised that the RSI oscillator is placed above 40 and is trending upwards, indicating strength in the current uptrend.
On its advice to positional investors with regard to Astra Microwave Products shares, HDFC Securities’ report says, “Keeping in view the technical evidence discussed above, we recommend buying Astra Microwave Products on CMP. 234 and on average 250 for target above 270 and 220 with stop-loss at 214.”
Astra Microwave designs, develops and manufactures subsystems for RF and microwave systems used in defence, space, meteorology and telecommunications. The company aims to move up the value chain by using partnerships with the help of the Make in India policy of the Government of India.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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