This multibagger stock is an example of how staying invested in a company for the long term can pay off really well. On 6th July 2001, the shares of this company were valued at ₹30.30 and this year, the share price reached a 52 week high of ₹32,048 apiece, giving its long term investors 105669% in returns!
Investors who had invested ₹1,00,000 in Shree Cement Limited in 2001 and have remained invested since then have received multibagger returns in a true sense. When the share had reached its recent 52-week high, their investment was worth ₹ 10,57,69,000.
Currently, the shares are trading at ₹24598 levels apiece and these long term investors are still making 81081.52% in returns. ₹1,00,000 invested then is worth ₹ 8,11,81,520 today!
Shree Cements is one of the lowest cost products of cement and cement related products in India. It has an installed capacity of ₹43.4 MTPA and is the third-largest cement producer in India. Some of its popular brands are Bangur Cement, Bangur Power, Shree Jung Rodhak, Roofon, and Rock strong. The company wants to explore new geographies across the country and is targeting to achieve 80 MTPA capacity by 2030.
ICICI Securities had given a buy call on Shree Cements on March 04, 2022, with a target price of ₹29700 and a time period of one year. At that time, the share was trading at ₹22492.55 levels.
Disclaimer
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