There was a stormy rise in the three rupee share
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Multibagger Stocks: Indian stock market has given bumper returns to investors in the financial year 2023-24. In the year 2023-24, Nifty has given a bumper return of 28.61 percent and Sensex has given 24.85 percent. Meanwhile, there are many such small stocks in the market which have made bumper earnings for investors. Industrial Finance Corporation of India (IFCI) is an institution under the Ministry of Finance. Its shares have given tremendous returns to investors of more than 321 percent in one year. Market experts are of the opinion that the stock price may cross Rs 50 in the coming days.
How is the stock performing?
The stock of Industrial Finance Corporation of India was trading at Rs 41.25, up about 1.25 percent around 11 am on the last trading day of the week. However, till the closing bell it closed at Rs 39.80 with a loss of 1.49 percent i.e. 60 paise. One year ago today i.e. on March 29, 2023, the stock price was Rs 9.45. In the last five days, the company’s stock has given a return of 1.66 percent to the investors. Whereas, on a six-monthly basis, investors have got a tremendous return of 63.11 percent. At the same time, on annual basis the company has given a bumper return of 321.16 percent to the investors. In the last one year, the stock of Rs 9 has reached Rs 40. This means that the wealth of investors has increased by 3.5 times.
Also Read: IPO subscribed 86.57 times on the last day, indications of bumper listing from GMP
What is the expert’s opinion?
Experts are of the opinion that the fundamentals of the company are quite strong. Its current market cap is Rs 9.85 thousand crore. In the last 52 weeks, the company’s stock has reached a record high of Rs 71.80. In such a situation, the target price of the stock can go up to Rs 97.65 in the year 2024. Whereas, in the year 2025, the stock price of the company may cross Rs 114.68. Long term investment can be thought of in this.
,Disclaimer: Investing in stock market or IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
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