Shares of Apar Industries have rallied more than 20,000% in the last 20 years from March 2003 to March 2023, delivering bumper returns to investors who stayed with the company.
Apar Industries share price has risen from just Rs 11.40 in March 2003 to over Rs 2,350 in March 2023. On Friday, March 24, the multibagger stocks closed marginally higher at Rs 2,316 apiece on BSE
If one would have invested about Rs 10,000 in Apar Industries stock in the year 2003, the investment could have swelled to Rs 20 lakh by now
The multibagger stock has delivered solid returns in the last one year and the share price has surged by around 260% in the last 12 months
In the last six months, shares of Apar Industries have gained around 82%. The stock hit a 52-week high of Rs 2,483 on BSE earlier this month on March 14
Apar Industries has a market capitalisation of about Rs 9,000 crore and an EPS of 115 on a trailing twelve month (TTM) basis. The stock is currently trading at a PE of 19.9
According to the shareholding pattern available with the exchanges, Apar Industries promoters own majority of the stake at 60.64% while the remaining 39% lies with the public shareholders
According to consensus analyst estimates tracked by Trendlyne, Apar Industries has an average target price of Rs 1,834 which represents a downside of 20% from the current levels
The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position