La Tim Metal has been one of the multibagger stocks of the year 2021. This stock can also be in the list of multibagger stocks of the year 2022. Shares of La Tim Metal have now reached Rs 180 from the level of Rs 95 this year. The metal stock has given nearly 90 per cent returns to investors so far this year. On the chart pattern, this small-cap metal stock has given a breakout above Rs 155 and the company’s shares are likely to go up to Rs 300 in next 2-3 months. This is what the stock market experts have said.
Expert’s advice – you can buy shares of the company
Experts say that rising metal prices and strong balance sheet of the company will support the upcoming price rally in La Tim Metal shares in the short term. Experts are asking investors to add this multibagger stock to their portfolio. Sumit Bagadiya, Executive Director, Choice Broking says, “La Tim Metal shares gave a breakout above Rs 155 and is one of the bullish multibagger stocks for 2022 in the small cap segment. One can start buying this metal stock. The immediate short term target of this stock is Rs 200-225. Keep a stop loss in the stock at Rs 160.
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Share may reach Rs 300 in 2-3 months
Anuj Gupta, Vice President, IIFL Securities says, “La Tim Metal & Industries Limited is in a bullish momentum. On the weekly chart we notice a cup and handle breakout with decent volumes. At present, this stock is trading at Rs 180 level and there is a good upside potential. He said that the company’s stock has strong support at the level of Rs 150 and Rs 107. Investors can buy this stock with a target of Rs 230-260. If this multibagger stock moves above Rs 260, then it can reach the level of Rs 300 in next 2-3 months.
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