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Returns like rocket speed! 27 paise share price today Rs 72, investors 300 times profit – multibagger stock jm financial share given multifold returns to investors in the long term

highlights

ICICI Securities has given a buy rating on JM Financial stock.
The brokerage house has fixed a long term target price of Rs 119 on the stock.
JM Financial’s stock is still available at a discount of 12 per cent from the record.

Mumbai. The stock of the company which gives investment advice to the people in the stock market has also earned the investors. Shares of investment banking firm JM Financial have given strong returns to the investors in the long term and have made investors millionaires on the investment of less money.

Market experts believe that the strong bullish trend will continue in this stock even further and 64 percent profit can be earned by investing in the stock at the current price. JM Financial’s stock closed at Rs 70 on Thursday.

Also Read – Stocks or Kuber’s Treasure! The one who invested 12 thousand rupees also became a millionaire

The brokerage house gave a buy opinion

Brokerage firm ICICI Securities has fixed a target price of Rs 119 on JM Financial’s stock, Money Control reported. Its market cap is Rs 6,922.14 crore. About 20 years ago, on November 15, 2002, the shares of JM Financial were available at just 27 paise and now they are priced at Rs 72.50, which means that its shares have increased almost 302 times in 20 years. If an investor had invested Rs 34,000 at that time, it would have increased to Rs one crore now.

Last year JM Financial’s shares were at Rs 82.55, which is its one-year record high. After this, there was a decline in the shares and by June 16, 2022, the stock price became Rs 56.95 with a loss of 31 per cent. However, after this the purchases increased and it has recovered 27 percent. However, the stock is still at a 12 per cent discount from its one-year record high.

read this also- The person who invested ₹ 33,000 in this stock also became a millionaire, after the quarterly results, there was a big jump

At the same time, the financial health of the company has been good. In the September quarter, JM Financial’s loan book grew at 32 per cent year-on-year and retail mortgage disbursements grew at 67 per cent year-on-year. According to the brokerage firm, the company’s performance will be even better in July-September 2022.

(Disclaimer: The advice or views given here are the personal views of the expert/brokerage firm. News18 Hindi is not responsible for this. If you also want to invest in the shares mentioned here, then first consult certified market experts.)

Tags: business news, multibagger stocks, stock market

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