new Delhi. Multibagger stocks: It is said that investing in penny stocks in the stock market is very risky. But there are many penny stocks that make investors rich. Today we will discuss about one such penny stock, which has made its investors rich. This stock is of Aarti Industries.
This Comical stock is included in those multibagger stocks, which have been giving excellent returns to its shareholders over the years. The share price of the company became Rs 979.80 on February 8, 2022, from Rs 14.70 on February 9, 2012. During this, a jump of more than 6,500 percent was recorded in this stock.
1 lakh became 65 lakh
If an investor had invested Rs 1 lakh in this stock a decade ago, then his one lakh would have become more than 65 lakh today.
Also read: This person became a millionaire after finding mistakes in Google, you will be surprised to know the amount of the reward!
Experts are expressing and hope to accelerate
Analysts at Dalal Street maintained a bullish outlook for Aarti Industries stock on capital expenditure and R&D. Brokerage HDFC Securities is positive on Aarti Industries (AIL). HDFC Securities has set a price target of Rs 1,380 for Aarti Industries.
On the other hand, Nirmal Bang Securities has set a price target of Rs 1,100 for Aarti Industries. Anand Rathi Shares and Stock Brokers has set a price target of Rs 1,230 for Aarti Industries.
Aarti Industries does the business of making chemicals. The company is adding new chemistries and new products (more than 40 products in chemical and more than 50 in pharma). Future capex of about Rs 2,500 3,000 crore for specialty chemicals and Rs 300 500 crore for pharma is on track.
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