Multibagger Stock: Shares of La Tim Metal are one of the multibagger stocks in 2021 and the stock is projected as one of the possible multibagger stocks for 2022 as well. Metal stock close. climbed from from 95 180 each level, registering an increase of about 90 percent in year-over-year (YTD) time. This small-cap metal stock has given a breakout above on the chart pattern 155 more stock is expected to go up Stock market experts say that in the next 2-3 months at the level of 300. He added that rising metal prices and the company’s strong balance sheet could also support the La Tim Metal share price rally in the near term.
Advice to stock market investors to add it multibagger stock in one’s portfolio; Sumeet Bagadiya, Executive Director, Choice Broking said, “La Tim Metal share price has given a breakout above 155 at each level and it is one of the bullish multibagger stocks for 2022 in the small-cap segment. One can initiate momentum buying in the metal stock and hold for an immediate short term target of 200 to maintain stop loss at 225 160 per share level.”
Strong expectancy in this multibagger stock for 2022; Anuj Gupta, Vice President, IIFL Securities said, “La Tim Metal & Industries Ltd. is in bullish momentum. On the weekly chart we have added a substantial amount of “Cup and Handle Breakout”. It is currently trading 180 levels and the ability to advance. It has strong support at 150 and 107 levels. Investors can buy and hold this stock for a possible target of from 230 260 levels. If Multibagger stock remains up 260 levels, so we can expect it to test 300 level in the next 2-3 months as well.”
On fundamental outlook of the stock, Anuj Gupta of IIFL Securities said that fundamentally, the standalone December 2021 net sales of this metal company is 34.88 crore, logging 32.76 per cent year-on-year (YoY). He said that metal prices have risen recently and hence it is expected to provide margin benefit to all metal companies including La Tim Metal & Industries Ltd.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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