Multibagger Stocks: Apar Industries’ Stock Price Jumps Over 50,000% in 20 Years
Apar Industries, the world’s largest producer of aluminum and alloy conductors, has made its investors multi-millionaires over the past two decades. With a mere investment of INR 50,000 made 20 years ago, an investor has now become a crorepati. The company has also given more than a 276% return in the past year.
Long-term and short-term investors have benefited from Apar Industries’ stock. The company’s shares closed at INR 3132.10 on the BSE today, up by 0.69%. The shares are presently in the first stage of the Additional Surveillance Measure (ASM) framework, which monitors stock exchanges.
The company’s shares were trading at INR 15.56 on June 13, 2003. Today, they are trading at INR 3132.10, which is an increase of 20,029% in investors’ capital over 20 years. This is not a one-time event for the company. It has given a commendable return on investment within a shorter time frame as well.
Last year, on June 17, 2022, the company’s shares were trading at a low of INR 832.85, but within 11 months, they reached a record high of INR 3296.40, an increase of almost 296%. Since then, the shares’ growth has slowed down, and the price has declined by nearly 5%.
Apar Industries’ management believes that the conductor and cable segments will continue to have a strong demand. The specialty oil segment will also perform better. The company’s growth will be supported by the strong demand for exports and premium products in the coming years. Apar Industries is focused on increasing its value-added products and exports, which will boost its topline and bottom line. Therefore, the stock is expected to perform well in the long run.
Brokerage firm Prabhudas Lilladher has recommended investing in the stock with a target of INR 3725. Investors are advised to consult a certified expert before making any investment decisions.
Disclaimer: The advice or views given on Moneycontrol.com are those of independent experts or brokerage firms and not of the website or its management. Users are advised to seek the advice of certified experts before making any investment decisions.
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