Multibagger stock to buy: The Easy Trip share price saw a great rally last week. The stock of Easy Trip has seen a rise of 6.13 per cent in the last five trading sessions. Meanwhile, brokerage houses are bullish on the stock and are giving buy advice. According to the brokerage firm, this multibagger stock can give a breakout at the level of ₹ 310 to ₹ 315. Let us inform that the shares of the company closed at Rs 286.50 on NSE on Friday.
Target price is Rs 460
According to stock market analysts, Easy Trip share price is on the verge of breakout and after closing above this breakout level, this multibagger stock can go up to Rs 460 level in next 3 months.
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Ravi Singhal, Vice Chairman, GCL Securities said, “In view of global inflation concerns and rising commodity prices, positional investors are looking at stocks that are least affected or almost untouched by these triggers. For such investors, Tour & Travel stock is one of the better options. Easy Trip share price may increase in future.” However, Ravi Singhal of GCL cautioned investors to take a position in the stock post-breakout at ₹270. Advised to maintain stop loss.
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What does the analyst have to say
Mudit Goel, Senior Research Analyst, SMC Global Securities said, “High risk traders can buy this multibagger stock with an immediate short term target of ₹310 while maintaining a stop loss at ₹275. It may soon go up to ₹340. “
Let us inform that Easy Trip Share is one of the multibagger stocks in 2021 as it rose from around ₹104 to ₹286.50 level. About 175 percent growth was registered during this period.