Multibagger stock Apollo Pipes' shares have offered blockbuster returns to investors, rising more than 11,200% in the last 10 years.
Stocks that give returns that are several times their costs are called multibaggers. A stock that doubles its price is called a two-bagger, while if the price grows 10-times, it would be called a 10-bagger. Thus, multibaggers are stocks whose prices have risen multiple times their initial investment values.
Apollo Pipes was a penny stock priced at Rs 4.85 in March 2013, and has risen multifold since then to Rs 550 currently. So far this year, the stock has risen around 8%, outperforming benchmark Nifty50
If an investor had invested Rs 10,000 in Apollo Pipes stock 10 years ago and stayed put, the investment would have swelled to over Rs 11 lakh by now. In the last five years, Apollo Pipes stock has more than tripled investors' money by rallying around 182%
In the last six months, shares of Apollo Pipes have gained around 5%. The stock has rallied around 12% in the last 30 days. The stock was priced at Rs 2.98 in May 2009. From there, it has surged more than 18,000%
If someone would have invested Rs 10,000 in Apollo Pipes stock in May 2009 and held their investment for the last 14 years, their investment would have grown into more than Rs 18 lakh by now
Apollo Pipes, a smallcap company with a market capitalization of about Rs 2,162 crore, manufactures and distributes pipe systems. The company offers pipe fittings, sprinkler systems, and solvent cement
Apollo pipes has an EPS of 6.23 on a trailing twelve month (TTM) basis, and the Apollo Pipes stock is currently trading at a PE of 87.72
Apollo Pipes' promoters own majority of the stake at 52.03%, while the rest of 47.33% lies with the public shareholders, according to the latest shareholding pattern available with the exchanges
Apollo Pipes' sales have grown manifold from just Rs 68 lakh in FY13 to Rs 784 crore in FY22. Meanwhile, profit after tax (PAT) too has surged from Rs 36 lakh to nearly Rs 50 crore in the same period
RSI is positively posed and the stock is showing higher Relative strength. Hence, one can hold Apollo Pipes stock with a stop loss of Rs 515. On the higher side, it may test the target of Rs 577 or even extend its gains up to Rs 600 – 625 in a couple of weeks, according to Mileen Vasudeo, Senior Technical Analyst, Arihant Capital Markets
The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position