Multibagger Stock Solar Industries Ltd: Investing money in the Share Market is very risky, but there are some stocks in which you can get good returns in a short period of time by investing. Stocks which give strong returns to their investors are called Multibagger Stocks. Today we are going to give you information about such Multibagger Stocks Return which has made its investors millionaires. This stock is Solar Industries Ltd (SIL). This stock has given more than 300% returns in just 2 years.
This company manufactures different types of explosives. These explosives are used for the work of construction, removal of a building etc. The company manufactures industrial explosives in both package and bulk form. Along with this, this company also manufactures drones, military explosives, bombs and weapons etc.
Gave strong returns to its investors-
Solar Industries Ltd has given strong returns to its investors. Talking about today, the stock of Solar Industries Limited has closed at Rs.4020.85. At the same time, in the last 2 years, the company has given a return of more than 300 percent. Talking about the year 2020, the shares of the company were trading at Rs 1054.81. In such a situation, this stock has given strong returns in a short period of only two years.
Strength visible on technical charts as well
The shares of Solar Industries Ltd. Company (Solar Industries Ltd Shares) have been the highest level of 4,269.40 in the Bombay Stock Exchange. At the same time, the lowest level of the company has been Rs 2,160.05. Today i.e. December 1, 2022, the shares of this company have closed at Rs.4059.20. This company mainly manufactures such explosives which are used in the industry. Explosives are required for works like mining, breaking mountains and making roads etc. Along with this, it also works in the defense sector. Let us tell you that the quarterly results of the company have also been very good.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)
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