Multibagger stock to buy: In the last one week, there has been a strong jump in the share price of SRF. In the last one week, this multibagger chemical stock has climbed close to 8 percent. According to market experts, the Indian government has recently decided to ban the import of hydrocarbon fluoro chemicals. Only SRF produces this chemical in India. In such a situation, market analysts expect SRF to get new opportunities and there will be a strong rally in this stock.
Target price of Rs 2520
Experts believe that this stock can be invested from a medium to long term perspective as this stock will definitely get the benefit of the ban imposed on hydrocarbon fluoro chemicals. Mudit Goyal of SMC Global Securities said that positional investors must include this stock in their portfolio. SRF has strong support near ₹2350 per share. This stock can reach Rs 2520 in the short term and once this level breaks on the upside, this stock can rise further. In such a situation, you can buy this stock at the current level with a stop loss of ₹ 2350. Let us know that the latest share price of the company is Rs 2,447.45 on NSE. Today the company’s stock is up 1.13 percent.
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Return of more than 122% in a year
In the last 5 trading sessions, the stock of SRF has rallied around 8 per cent. The stock has been one of the multibaggers of 2021. The company’s stock has given a return of 122.36% in the last one year. At the same time, the company’s stock has given a return of 657.68% in five years.