Multibagger Stock: Investing in the Share Price is considered very risky. Nowadays, a period of turmoil is going on in the stock market. But even in this era, there are many such stocks which have made their investors rich by giving tremendous returns. The stock we are talking about today is Berger Paints. Yesterday a huge upheaval was seen in this stock. Where once there was a huge decline in the stock. After that, the stock closed at Rs 558.30 with an increase of 3 per cent.
This stock has proved to be a multibagger
Know what is the opinion of experts about the stock
Let us tell you that the company’s October to December quarter results have not been good. In December, the annual earnings of the company registered a decline of 13.4 per cent. In such a situation, the domestic brokerage firm ICICI Securities has told that due to the decrease in profit, the shares of the company may decline. Also In the year 2023, due to rising inflation and entry of local players in the market, a huge decline in the profit and revenue of the company can be registered. According to ICICI Securities, the company’s shares can fall by about 9 per cent from its current price and it can reach Rs 505 per share.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com Investing money from outside is never advised here.)
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