Multibagger Stock: ₹ 61 thousand was invested in this share, got full ₹ 1 crore, experts said – there is a chance to earn bumper ahead – multibagger stock eicher motors ltd stock got a bumper jump of more than 5 percent
investors became rich
Let us tell you that on April 24, 2009, the shares of Eicher Motors were trading at the level of Rs 19.84. On the other hand, today the share prices of Eicher Motors have increased and closed at Rs 3,250 level. In such a situation, in the last 14 years, the shares of Eicher Motors have climbed more than 16 thousand percent. If an investor had invested Rs 1 lakh in Eicher Motors shares in the year 2009, today his fund would have grown to close to Rs 1 crore. The company’s stock has given bumper returns to the investors in the long term. However, the stock has given good returns to the investors even in the short term.
further growth expected
According to experts, there are signs of a boom in the Eicher Motors stock in the coming times. The stock is looking very strong on the technical charts as well. The stock made its low of Rs 2311 in the last year i.e. 2022. Since then, this stock has been moving steadily. On November 1 last year, the stock had climbed nearly 68 per cent to reach Rs 3,886. This is its record high level. However, after this a decline was seen in the stock.