Multibagger Stocks: Fiem Industries share prices have seen a tremendous rise in the last few years. The company’s share prices have registered a jump of 1500 percent since April 2020. Today the company’s shares opened at Rs 1617.05 on BSE. After this, the price of the company’s shares reached an intra-day high of Rs 1620.75 on BSE. Experts are looking very bullish about the performance of this stock.
The stock has been giving great returns for the last 4 years
In April 2020, the share price of this company was Rs 101. Since then, the stock prices have seen a rise of 1503 percent. The last 4 years have been great for the positional investors of the company. The share prices of this company have seen a rise of 20 percent in 2020, 100 percent in 2021, 54 percent in 2022 and 21 percent in 2023.
Investors lost Rs 3.1 lakh crore in the stock market, know the reason behind the decline
2014 was the best year ever
The share price of Fiem Industries has increased by 55 percent this year. At the beginning of the year, the share price of the company was Rs. 1062. Which has now reached the level of Rs. 1620. Let us tell you, the company was listed in 2006. During this period, there have been 7 years when investors have been disappointed. Whereas in 11 years, investors have got good returns. 2014 has been the best year so far for the investors. During this period, the share price of the company has seen a rise of 140 percent.
Great recovery in two-wheeler segment
Experts seem bullish about the performance of this stock. Domestic brokerage house Kotak Securities believes that the stock will perform well due to the strong performance of the two-wheeler segment. 97 percent of Fiem Industries Automobiles’ revenue is coming from the two-wheeler segment. The first quarter of the current financial year has been good for the two-wheeler sector.
What are the target prices given by experts?
The company plans to invest Rs 100 crore during the financial year 2025. At the same time, the company is planning to invest Rs 250 crore in the next 2 to 3 years. Due to all these reasons, Kotak Securities has set a target price of Rs 2140.
