Multibagger Stock: If you want to become rich by investing in the stock market then one of the biggest qualities you have is patience. After the subprime debt crisis in the last decade, the stock market has given stock investors many opportunities to become millionaires or billionaires. Tata Alexi shares were one of the opportunities we are talking about. The share price of this Tata group company has increased ₹104.68 per in ₹4917 today (1:15 pm on NSE) – Recorded an increase of almost 47 times in this period.
Tata Alexi Share Price History
This share of Tata group is one of the multibagger stocks in 2021. It has increased to 163 per cent from this year (YTD). ₹1884.95 per equity mark to ₹4917 per stock level. Over the past 6 months, the stock has bounced off ₹from 2670.30 ₹4917 each – registering an increase of about 85 percent in this period. The Tata Group stock has delivered over 300 per cent returns to its shareholders in the last one year as the share price increased ₹1239.60 per stock level to ₹3917 per equity share mark in this period. Similarly, in the last 5 years, this share has grown from ₹786.23 mark to per share ₹4917 levels – a growth of about 540 percent was recorded in this period.
However, if we look at the share price of this Tata group company in the last 10 years, the share price is . was closed on ₹104.68 each on NSE as on 9th September 2011 and today it is trading at ₹4917 – about 47 times its price 10 years ago.
impact on investors
Taking cues from the share price history of Tata Alexi, if an investor had invested ₹1 lakh in this stock a month ago, its ₹would have turned into 1 lakh ₹1.15 lakh today. If the investor had invested the same amount 6 months back, then its ₹would have been 1 lakh ₹1.85 lakhs today, provided the investor remains invested in this counter during this period. Similarly, if the investor had invested ₹1 lakh in Tata Alexi shares 5 years ago, its ₹would have turned into 1 lakh ₹Around 4 lakhs. But, if the investor had invested in this multibagger stock 10 years back and has invested in this stock till date, then its ₹must have been around 1 lakh ₹47 lakh today
Tata Alexi Share Price Outlook
advising investors to maintain a ‘buy on dips’ strategy; Mudit Goyal, Senior Research Analyst, SMC Global Securities said, “This counter is a must buy ₹4880 for the target of ₹Maintaining a tight stop loss at 5120 ₹4800.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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