Page 6 - Multibagger Stock News Today

Multibagger penny stock: Alok Industries shares have been touching a new 52-week high for the last five sessions after news of Reliance Industries funding became public

Multibagger stock SG Mart has informed the Indian stock market about its proposal to consider a stock split and issuance of bonus shares

If an investor had invested Rs 10,000 in Tridents stock 10 years ago and stayed put, the investment would have turned to nearly Rs 4 lakh, according to an analysis by ET Markets.

Shares of consumer firm Cupid hit their 5 percent upper circuit at ₹1,252.80 apiece, also its new high, on Thursday, after a Mauritius-based FII bought stake in it. It has now skyrocketed 432 percent from its 52-week low of ₹235.30, hit on March 29, 2023.

​Shares of Bharat Heavy Electricals (BHEL) surged over 3% to hit their fresh 52-week high of Rs 204.90 on the NSE on Tuesday.

The company has an EPS of 21.61 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 3. According to the latest shareholding pattern available with the exchanges, public investors own a majority of the stake at 56.72%, while the rest of 43.28% lies with promoters.

On March 6, Tendulkar picked up equity worth about Rs 5 crore in the company, which provides engineering and technology solutions for global OEMs in clean energy, aerospace, defence and oil & gas spheres. Following a stock split and bonus issue ahead of the IPO, he now owns 438,210 shares of the company.

IRFC shares have outperformed Nifty in 2023 and over the last 12 months. The latter has given near 17% returns on a YTD and annual basis.

The multibagger railway counter has given returns of over 220% in the last 12 months, significantly outperforming the Nifty which has given returns of 15% during this time.

Indian companies, big and small, are scrambling to figure out how they can make the most of the EV battery technology in differentiated ways.