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Multibagger stock: Waaree Renewable Technologies stock climbed 5% to a high of Rs 2386.10 on BSE today. It closed at Rs 181.85 on April 19 last year.
Tata Power shares surged 4.79% to a high of Rs 436.25 against the previous close of Rs 416.30 on BSE. Market cap of Tata Power climbed to Rs 1.33 lakh crore.
Shaily Engineering Plastics' shares surged 140% in the past year and an impressive multibagger return of 4920% over the last decade, rising from ₹10.80 to ₹542 apiece.
Kotak Institutional Equities highlights the flawed rally in PSU stocks driven by bullish sentiments and incorrect valuation methodologies. The rally lacks meaningful change in fundamentals or structural reforms. Concerns arise about the long-term viability of PSUs due to reinvestment in sunset industries and government policies.
Tata Power share price today: Tata Power shares slipped 6.50% to Rs 405 today against the record high of Rs 433.20 reached on March 7, 2024. At 11:00 am, the Tata Power stock was trading 1.96% lower at Rs 424.95.