Multibagger alert: Rs 40 stock climbs to over Rs 2,000, investment of Rs 10,000 would be price… | File Photo
Investing within the stock market can be a dangerous guess however may also convey large returns. While skilled merchants can get good-looking returns on small-term bets, for particular person beginner ones long-term investments within the stock market can create immense wealth.
One such stock which has given nice returns to traders over a number of years is CEAT Limited, the main Indian MNC which manufactures tyres. CEAT has emerged as a multibagger which has not simply proven immense long-term progress however has been climbing robustly over the previous yr. The stock is over 120 p.c up this yr.
Year-to-date in 2024, CEAT stock worth worth has elevated practically 28 p.c. However, long-term traders would have gained immensely. (*40*) 20 years, the stock worth has elevated from Rs 39.78 on July 4, 2003 to Rs 2042 on July 4, 2023.
This signifies that an investment of simply Rs 10,000 made within the stock 20 years in the past would now be price a large Rs 5.13 lakh roughly. That is a large acquire of over 5,000 p.c. But what about right this moment? Is it a great guess for the longer term? Let’s discover out.
Institutional traders see CEAT poised for extra progress sooner or later. The firm is market chief within the two-wheeler phase with 28 p.c share. It has 15 p.c share within the passenger automobile phase and seven p.c in business automobiles. It targets rising these to 18-19 p.c and 11-12 p.c, respectively. Furthermore, CEAT goals to double export income from Rs 2,000 crore to Rs 4000 crore.
Domestic brokerage agency Motilal Oswal has maintained a ‘buy’ score on CEAT with a goal worth of Rs 2,375 per share, Zee Business reported. This means the stock has good promise with upside potential of practically 15 p.c.
