Multibagger stock: Holding a quality stock as long as one can, not only helps stock market investors to maximise return, it also helps minimise the risk factor involved in equity investment.
Radico Khaitan share price at NSE has appreciated from ₹8.79 per share levels , rising around 124 times in this long 18 years.
However, in last one year, this liquor stock has surged from ₹462.70 apiece levels to ₹1090 per shares, giving around 135 per cent return to its shareholders.
Taking cue from Radico Khaitan share price history, if an investor had invested ₹1 lakh in this multibagger stock one month ago, its ₹1 lakh would have turned to ₹1.06 lakh today.
They are of the opinion that one can still buy this multibagger stock at current market price for the short-term target of ₹1150 per share levels.