Penny stock Lloyds Enterprises has posted multibagger returns in the last 4 years, rising from ₹1.19 in March 2020 to around ₹28.8 currently. This implies a return of almost 2337%.
Dipan Mehta of Elixir Equities advises remaining invested in quality stocks even if they are overvalued. He highlights the BAT stake sale in ITC and the slow growth in its tobacco and FMCG businesses. He also discusses the preference for large private sector banks and positive outlook on the IT sector.
The stock of Kalyan Jewellers has been in an uptrend for the past two years. It advanced more than 8% in a week and over 20% in a month. It has risen more than 60% in the last six months. In terms of price action, it is trading well above most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100 and 200-DMA, which is a positive sign for the bulls.
We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value fund,and contra fund for analysis. The CAGR returns were calculated since the inception of the scheme.