There is no dearth of multibagger stocks in the market. If you do a little research, you will find a long list of them. But one of those stocks has to be mentioned separately. This stock has already made investors happy. Due to which experts are also giving this stock a positive rating. Are you wondering which company’s shares are we talking about? Then listen, we are talking about Solar Industries India. Its price has reached from 988 to 14000 rupees in the last 5 years. Due to which experts are giving this stock a buy rating. They believe that its price can increase further.
The price can exceed 18000 rupees
Solar Industries manufactures industrial explosives for mining. Not only that, this company also manufactures explosives for the infrastructure sector. Apart from this, the company also manufactures defense products. And the shares of this company have done great things in the last 5 years. Those who bought the stock 5 years ago for 988 rupees have reached 13,792. They have received about 1300 percent return. And even now this stock is in the green zone. Due to which experts think that its price can reach 18000 rupees.
3 experts have increased the target
Not one, but three brokerage firms are positive about Solar Industries. The current market cap of this stock is 1.25 lakh crores. As a result, these three brokerage firms have given a buy rating.
Not only that, Goldman Sachs has increased the target price of this stock. After the company’s order book crossed 10000 crores, they have set a new target of 18215 rupees.
Nauvoom has also increased its target price. They have increased the target from 17500 to 18000 rupees.
Again, ICICI Securities is also enthusiastic about this stock. Its target has been increased to Rs 17,200 from their side.
New orders received
In fact, this company has received new orders. They have received orders for the export of military products worth Rs 1400 crore. As a result, several companies are positive about this stock.
Disclaimer: Do not buy or invest in stocks after reading this article. It is written for information and educational purposes. Before taking any decision, take expert advice. Also, do your own research. Then invest in stocks.