Multibagger stock: Kotak Institutional Equities said that the prevailing market price more than captures the intended growth plans without discounting associated delays.
Penny stock Frontier Capital has delivered extraordinary multibagger returns just in the last 1 year, surging from ₹2.5 in March 2023 to approximately ₹33.2 at present. This translates to an impressive return of nearly 1228 percent.
Lloyds Enterprises, a multibagger penny stock, has witnessed staggering returns over the past four years, surging from ₹1.19 in March 2020 to approximately ₹28.8 presently, marking an impressive increase of nearly 2337%.
Stocks to buy: Indian stock market benchmark Nifty 50 rose nearly 1 per cent on March 27. Experts recommend buying quality stocks for healthy returns in the medium to long term.