Multibagger textile stock doubles shareholders' money in 2 months. Should you buy?
Multibagger stock: Lagnam Spintex reported a 107 per cent rise in the net profit to ₹9.4 crore for the quarter ended December 31, 2021
Multibagger stock: In the year 2021, a good number of shares doubled shareholders' money. Most of these multibagger stocks in 2021 had given sharp upside movement in post-second wave of Covid-19 pandemic. Lagnam Spintex shares are late entrant in the list of multibagger stocks as they surged from 47.20 (close price on 30th November 2021 on NSE) to ₹94.45 on NSE, doubling shareholders' money in this near 2 months time. However, stock market experts are still bullish on this textile stock as Lagnam Spintex shares look positive from fundamental and technical perspective.
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