Top Trending Share: This stock has jumped 356% in three years, can give hefty returns ahead – schaeffler india: multibagger auto components stock gains momentum with a two percent breakout

Schaeffler India’s price to book ratio is 12.8 which indicates that investors are paying a premium for the stock relative to its value. This means that the market is expecting growth and profitability of the company. The company has proved to be a multibagger stock in true sense and has given more than 100% returns. The term multibagger stock, coined by Peter Lynch, signifies extraordinary growth and substantial returns. This is similar to a baseball player advancing multiple bases. This represents an impressive feat in the world of investing. Schaeffler India Limited fits perfectly with this definition. The company has given returns of more than 356% in the last three years.

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