29 Jul , 2022 By : Kanchan Joshi
Multibagger stock of 2022: Following trade pattern of capital goods index in recent sessions, shares of Kirloskar Electric Company Ltd have been skyrocketing in recent sessions. The capital goods stock has hit upper circuit in last 5 sessions generating near 45 per cent return for its shareholders. The small-cap stock has been climbing to its 52-week high for last 4 sessions as well. So, the stock is one of the potential multibagger stocks for 2022.
Kirloskar Electric share price history
In last 5 days, the capital goods stock has rallied from around Rs27.50 to Rs39.70 apiece levels, logging near 45 per cent rise in this period. In last one month, this small-cap stock has risen from around Rs25.60 to Rs39.70 levels, ascending to the tune of 55 per cent. In last 6 months, the small-cap multibagger stock in making has delivered 45 per cent return to its shareholders. In year-to-date (YTD) time, this small-cap stock has ascended from Rs23 to Rs39.70 per share levels, recording around 72 per cent rise in 2022. Similarly, in last one year, this small-cap stock has delivered multibagger 110 per cent return after rising from Rs149 to Rs39.70 apiece levels.
Impact on investment
Taking cue from this multibagger share's history, if an investor had invested Rs1 lakh in this small-cap capital goods stock one week ago, its Rs1 lakh would have turned to Rs1.45 lakh today. If the investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have become Rs1.55 lakh today. In last 6 months, an investment of Rs1 lakh in this stock would have turned to Rs1.45 lakh. Likewise, in YTD time, Rs1 lakh of a shareholder would have turned to Rs1.72 lakh today.
Similarly, if an investor had invested Rs1 lakh in this small-cap multibagger stock around a year ago, its Rs1 lakh would have turned to Rs2.10 lakh today, provided the shareholder had remained invested in the stock throughout this period.
As mentioned above multibagger stock is at 52-week high of Rs39.70 whereas its 52-week low is Rs16. Its current market capital is Rs263 crore and it ended with a trade volume of 88,827 on Thursday, which is much lower from its average volume of 4.36 lakh in last 20 sessions. Book value per share of the stock is 11.45.
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