BackLIC-backed multibagger stock gives 450% return in one year. Do you own?
Multibagger stock: LIC owns 1.26 per cent stake in this small-cap electric company
PremiumMultibagger stock: Shares of Kirloskar Electric Company have been in uptrend for long as the stock has delivered 45 per cent return in last one month whereas in year-to-date (YTD) time, this small-cap stock has almost doubled shareholders money by delivering more than 85 per cent return to its shareholders in 2023. In last one year, Kirloskar Electric shares are one of the multibagger stocks that Indian stock market has delivered. This multibagger small-cap stock has delivered to the tune of 450 per cent in last one year. It is one of the LIC-backed companies as Life Insurance Corporations (LIC) of India owns 1.26 per cent stake in this small-cap multibagger stock.
Kirloskar Electric share price history
This multibagger stock has been hitting life-time high on a regular basis. It hit life-time high during Monday deals. In fact barring 11th May, this small-cap stock has locked-in record high on four sessions out of the last five sessions. In last one week, this multibagger stock has delivered over 5 per cent return whereas in last one month, it has risen from around ₹83 to ₹121.50 apiece levels, logging near 45 per cent rise in this time. In year-to-date (YTD) time, this small-cap stock has risen from around ₹64.50 to ₹121.50, delivering around 85 per cent return to its positional investors. Likewise, in last six months, this multibagger small-cap stock has risen from near ₹67.65 to ₹121.50 levels, clocking around 80 per cent rise in this time.
Similarly, in last one year, this LIC-backed small-cap company has shot up from ₹22.30 to ₹121.50 apiece levels, delivering returns to the tune of 450 percent to its long-term investors.
₹1 lakh turns ₹5.5 lakh in one year
Taking cue from Kirloskar Electric share price history, if an investor had invested ₹1 lakh in this LIC-backed multibagger stock one month ago, his/her ₹1 lakh would have turned to ₹1.45 lakh today. Likewise, if an investor had invested ₹1 lakh in this small-cap stock at the beginning of new year 2023, its ₹1 lakh would have turned to ₹1.85 lakh today. However, if an investor had investor had invested in this stock six months ago, its ₹1 lakh would have become ₹1.80 lakh today.
Similarly, if an investor had invested ₹1 lakh in this multibagger stock one year ago, his/her ₹1 lakh would have turned to ₹5.50 lakh today.
LIC shareholding in Kirloskar Electric
According to shareholding pattern of Kirloskar Electric Company for January to March 2023 quarter, the insurance behemoth holds 8,34,457 shares of Kirloskar Electric, which is 1.26 per cent of total paid up capital of the company.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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