An auto stock has given tremendous returns. This stock has given returns of more than 5000 per cent to the investors in the last few years. This company is Minda Corporation. The shares of the company have increased from Rs 4.5 to Rs 270. Market experts say that the shares of the company can go up to Rs 315 soon. Shares of Minda Corporation have gained over 20 per cent in the last five trading sessions.
Received a target price of Rs 315 with buy rating
Shares of Minda Corporation have outperformed Nifty Auto Index. According to brokerage and research firm ICICI Securities, the company’s shares may see further upside. The brokerage house has maintained a buy rating on the shares of the company in view of the strong growth prospects. ICICI Securities has given a target price of Rs 315 for the shares of the company. The company’s shares have gained more than 181 percent in one year.
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1 lakh would have become more than 60 lakhs
The shares of Minda Corporation were at the level of Rs 4.50 on the National Stock Exchange (NSE) on 13 June 2012. The company’s shares closed at Rs 270 on NSE on 22 April 2022. The company’s shares have gained over 5,000 per cent in this period. If a person had invested Rs 1 lakh in the shares of the company on June 13, 2012 and had retained his investment, at present this money would have been close to Rs 60 lakh. The 52-week low level of the company’s shares is Rs 93.90. At the same time, the 52-week high-level is Rs 287.
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