Multibagger Stock: The year 2021 is full of such stocks which have given more than 100 per cent returns to their shareholders. However, there are some stocks in this list of multibagger stocks of 2021, which have given more than 300 percent returns in less than 9 months. The share of Alcon Engineering Company is one such stock. The industrial equipment maker is one of the two new stocks that Vijay Kedia added to his portfolio in the April-June 2021 quarter. This portfolio of Vijay Kedia was closed on the stock ₹42.60 on 31st December 2020 and closed on 13th September 2021 ₹175.95 per equity mark in NSE – growing 4.13 times in the year 2021.
Alcon Engineering Company Share Price History
According to Vijay Kedia’s stock price history, it has started rallying after a fortnight of profit-booking. In the last 5 trading sessions while the stock has gained about 3.5 per cent in the last one month; It has declined by about 1.5 per cent. But, Vijay Kedia Portfolio stock has given multibagger returns of around 170 per cent in the last 6 months. However, in year-on-year (YTD) terms, the stock has given returns of around 315 per cent after rising from ₹42.60 per equity share level to ₹175.95 per stock mark.
impact on investment
Taking cues from this Vijay Kedia Portfolio stock history, if an investor had invested ₹1 lakh in this stock, 6 months ago, its ₹would have been 1 lakh ₹2.70 lakhs today. However, if an investor has bought this share of Vijay Kedia at the close of 31 December 2020 price, then its ₹would have turned into 1 lakh ₹4.13 lakh today.
Alcon Engineering Company Share Price Outlook
Speaking on Alcon Engineering Company share price target; Sumeet Bagadiya, Executive Director, Choice Broking said, “The stock looks bullish on the technical chart pattern. It may give a breakout soon. ₹go to 185 and then hit ₹225. So, one can buy this Vijay Kedia Portfolio stock with current price target of ₹maintain stop loss at 225 ₹165.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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