Best Multibagger Stocks Welspun Corp jumps 250 per cent in last one year | Welspun Corp: up to 250% growth in a year, estimates of many brokerages

Shares of pipe manufacturing company Welspun Corp have been successful in giving multibagger returns in the past. It has proved to be one of the best multibagger stocks in the market during the last one year. Now various brokerage firms have given good news to the investors of Welspun stock. They feel that there is still potential for this stock to go up further.

The stock is currently at this level

On Friday, February 9, its shares fell 3.21 percent and closed at Rs 559. During the last five days, the price of this share has fallen by about six and a half percent. At the same time, as per the last one month, this stock is in slight profit of 1.32 percent, whereas since the beginning of this year till now it has declined by more than 2 percent.

This is how the share price has increased

Although this stock may have disappointed in recent times, but after going back a bit, its returns become excellent. During the last 6 months, the price of this share has increased by more than 66 percent, while in the last one year it has gained more than 170 percent. During the last one year, this share has traveled from a low of Rs 177.65 to a high of Rs 623.90, that is, a rise of up to 250 percent has been recorded in the price during this period.

The size of the company is so big

The stock market value of this company, which manufactures large diameter pipes, is currently Rs 14,620 crore. Its dividend yield is 0.89 percent and PE ratio is 13.63. Apart from India, the company also has manufacturing plants in Saudi Arabia and America.

Excellent result for December quarter

The company has recently released financial results for the December quarter. During the December quarter, the company’s profit has registered a manifold increase and has reached Rs 293.70 crore. In the same quarter a year ago, the company had made a profit of only Rs 23.22 crore. During this period, revenue from operations has almost doubled to Rs 4,750 crore.

Brokerage firms gave this target

The company’s net profit has increased by more than 13 times in the December quarter, after which many brokerages have increased the target for its shares. JM Financial has given a target of Rs 660 to this share. Whereas Arihant Capital Markets has given a target of Rs 668 to this share. That means, according to brokerage firms, this stock still has the potential to rise by 20 percent.

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