Multibagger Stock: Ace investor and stock market trader Ashish Kacholia’s portfolio stock Acrisil has given multibagger returns of around 280 per cent in 2021 (Year-to-date) so far. Despite such stupendous returns, stock market experts are still up on the counter as they feel this multibagger stock could rise further. ₹850 level in one to two months.
The share price of Acrysil Ltd has risen by ₹643 per piece ₹760 levels in one month – an increase of about 18 percent in this period. Similarly, Ashish Kacholia’s net worth in this stock is around 150 per cent in the last six months, as it has grown from ₹from 307.90 ₹760 each in this period.
impact on investment
Taking cues from Acrysil’s share price history, if an investor had invested ₹1 lakh in this multibagger stock a month ago, its ₹would have turned into 1 lakh ₹1.18 lakh. If the investor had invested ₹1 lakh in this counter 6 months ago, its ₹would have been 1 lakh ₹2.50 lakh today. However, if an investor had invested ₹1 lakh was invested in this counter at the close of 31st December 2020 and till date, its ₹would have turned into 1 lakh ₹3.80 lakhs today.
However, stock market expert Sumeet Bagdia, executive director of Choice Broking, is still bullish on the counter. He said that this multibagger stock can be bought at the current market price for a target of one to two months. ₹825 to ₹maintaining a stop loss at 850 each ₹700.
As per the June quarter shareholding pattern, Ashish Kacholia holds 3.75% stake in Acrysil Ltd.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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