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Domestic brokerage firm Ventura Securities has initiated coverage on Lloyds Engineering Works, giving it a 'buy' rating with a target price of ₹71 per share. The brokerage expects the company's revenues to grow at a CAGR of 47% and its EBITDA and PAT to grow at a CAGR of 59% and 66% respectively.
Multibagger stocks refer to equity shares that have the potential to provide returns many times their initial investment.
Shares of Transformers & Rectifiers India (TRIL), one of the leading manufacturers of transformers, have skyrocketed 19.6% in today's trade to record a new lifetime high of ₹226 apiece. This year so far, the shares have delivered a multibagger return of 300%.
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Zuari Industries, the holding company of Adventz Group, saw its shares spike 4.8% in today's trade, hitting a new 52-week high. The stock has gained 40.36% in the last four weeks and has delivered a remarkable return of 319% over the past four years.