Multibagger Stock: Amidst the BSE Small-cap index hitting its lifetime high, a good number of small-cap stocks have entered the elite list of multibagger stocks. JITF Infralogistics is one such stock. It is part of the Jindal group which has been skyrocketing for the past one month and hitting the upper circuit most of the times. Even today Jindal Group’s stock hit the upper circuit of 5 per cent and reached the level of 110.10. In the last 5 trade sessions, the upper circuit has gained over 21 per cent in all the five trade sessions. In fact, the stock has gained more than 150 per cent in the last one month.
According to experts, the stock is hitting the circuit by circuit and hence those who have stake in this company can remain over the counter till the positive bias is maintained, but new investors are strictly advised not to take any over the counter. Avoid taking new positions too.
Speaking on the Jindal Group share price outlook; Sumeet Bagdia, Executive Director, Choice Broking said, “This stock is hitting circuit by circuit. Hence, one should avoid taking any fresh positions. Holders of this stock of Jindal Group are advised to hold on till Stay on the counter till it maintains a positive trend. But, profit should be booked over the counter immediately after the trend reversal.”
Sumeet echoed with Bagdiya; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “The company has reported its annual report to the Indian exchanges where it has reported strong growth in revenue from operations. Also refrain from taking positions. Already have rallied a lot.”
Share of Jindal Group is giving excellent returns throughout the year as the stock of Logistics Company has given a strong return of 1180 per cent to its shareholders in the last six months, while the share of Jindal Group of Companies has increased by almost 1400 per annum in the last one year. happened. Percent
In its corporate announcement, the Jindal Group company submitted its annual report earlier this month. In this annual report, the company has reported an increase in operating revenue ₹16.030 crore in the financial year 2019-20 to ₹25.879 crore in FY 2020-21 – registering a growth of about 61 per cent from FY20 to FY21. However, the net income or PAT (Profit After Tax) of the company declined from 1.773 crore in FY15 ₹1.693 crore in FY21.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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