Multibagger stock to buy 2022

Multibagger stock to buy 2022

There has been a tremendous rise in sugar stocks for some time now.  Shares of Shree Renuka Sugars Limited, one of India's largest sugar companies, have given multibagger returns to its shareholders in the last one year.

Multibagger stock to buy 2022


Multibagger stock to buy. In the last one year, the share price has increased from Rs 9.9 to Rs 53.60.  It has given returns of about 440 percent in this period.  An amount of Rs 5 lakh invested in this multibagger stock a year ago would have become Rs 27 lakh today. Share closed at Rs 52.25

 The stock closed at Rs 52.25, up 0.77 per cent from the previous close of Rs 51.85 on the BSE.  With a market capitalization of over Rs 11,000 crore, the shares are higher than the 20 day, 50 day, 100 day and 200 day moving averages but lower than the 5 day moving averages. The stock will go up to Rs 75

 The brokerage house is bullish on the Shree Renuka Sugars Ltd stock and is giving buy advice.  According to IIFL Securities, this stock can go up to Rs 70-75 in the short term.  That is, by placing bets now, investors can get a strong return of 45%.

 Investors will be rich with a share of ₹ 9, now the stock will go to Rs 75, there will be bumper profits by betting now

 Investors will be rich with a share of ₹ 9, now the stock will go to Rs 75, there will be bumper profits by betting now

 sugar stock

 Multibagger stock to buy: For some time now, there has been a tremendous rise in sugar stock.  Shares of Shree Renuka Sugars Limited, one of India's largest sugar companies, have given multibagger returns to its shareholders in the last one year.

 In the last one year, the share price has increased from Rs 9.9 to Rs 53.60.  It has given returns of about 440 percent in this period.  An amount of Rs 5 lakh invested in this multibagger stock a year ago would have become Rs 27 lakh today.



 Share closed at Rs 52.25

 The stock closed at Rs 52.25, up 0.77 per cent from the previous close of Rs 51.85 on the BSE.  With a market capitalization of over Rs 11,000 crore, the shares are trading higher than the 20 day, 50 day, 100 day and 200 day moving averages but lower than the 5 day moving averages.


 Also read- Government will hand over this highway toll of UP-MP to private companies, big names including Adani in the list of buyers


 Shares will go up to Rs.75

 The brokerage house is bullish on the Shree Renuka Sugars Ltd stock and is giving buy advice.  According to IIFL Securities, this stock can go up to Rs 70-75 in the short term.  That is, by placing bets now, investors can get a strong return of 45%.



 Also read- Everyone is betting on this stock of Rs 63, because of this there is a competition to buy the stock


 Due to this the demand for Chinese stocks increased

 In a recent report, CareEdge Research pointed out that a key factor for the sugar industry in India is the Ethanol Blended Petrol (EBP) program which aims to reduce the sugar surplus situation in India.

 The EBP program supports diversion of sugarcane and surplus sugar to ethanol manufacturing which has now become a major focus point for the future of the sugar industry.  The government also releases the purchase price for ethanol to divert sugarcane to ethanol production.  ICICI Mutual Fund has also bought shares of Shree Renuka Sugars in March.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. www.Tradtips.com suggests its readers to consult with their investment advisers before making any financial decision.)

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