30 Sep , 2021 By : Kanchan Joshi
Multibagger stock: Ace investor and stock market trader Ashish Kacholia's portfolio stock Acrysil has delivered multibagger returns of around 280 per cent in 2021 (year-to-date) so far. Despite such stellar return, stock market experts are still bullish on the counter as they see this multibagger stock may further go up to Rs850 levels in one to two months.
Acrysil Ltd's share price has risen from Rs643 apiece to Rs760 levels in one month — logging near 18 per cent rise in this period. Likewise, Ashish Kacholia net worth in this stock has ground around 150 per cent in last six months as it surged from Rs307.90 to Rs760 apiece in this period.
Impact on investment
Taking cue from the share price history of Acrysil, if an investor had invested Rs1 lakh in this multibagger stock one month ago, its Rs1 lakh would have turned to Rs1.18 lakh. If the investor had invested Rs1 lakh in this counter 6 months ago, its Rs1 lakh would have become Rs2.50 lakh today. However, if an investor had invested Rs1 lakh in this counter at the close price of 31st December 2020 and had remained invested in the counter till date, its Rs1 lakh would have turned to Rs3.80 lakh today.
However, stock market expert Sumeet Bagadia, Executive Director at Choice Broking is still bullish on the counter. He said that one can buy this multibagger stock at current market price for one to two month target of Rs825 to Rs850 apiece maintaining stop loss at Rs700.
As of June quarter shareholding pattern, Ashish Kacholia holds 3.75% stake in Acrysil Ltd.
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