Renowned investor Mukul Mahavir Agarwal's portfolio stock WPIL has delivered multibagger returns to investors in recent times. The stock has rallied more than 100% in the last six months.
During Q4FY23, Mukul Mahavir Agarwal added WPIL stock to his portfolio. As per the data available on BSE, Agarwal bought 1,13,000 shares or 1.16% stake in WPIL. Agrawal publicly holds 57 stocks with a net worth of over Rs 2,762.7 crore, according to Trendlyne.
WPIL Ltd is a small cap company that operates in the capital goods sector. The company has more than 65 years of expertise in developing, designing, manufacturing, construction, commissioning, and maintenance of pumps and pumping systems.
WPIL, a leader in its industry, today operates production facilities through its group companies in the United Kingdom, Italy, France, Switzerland, South Africa, Zambia, Australia, and Thailand.
On Monday, the shares of WPIL Ltd were trading on NSE at Rs 2,600.65 apiece level, down by 1.59% from the previous close. The stock has produced a multibagger return of over 680% over the past three years and over 348.26% over the past five years.
WPIL stock has produced a multibagger return of 180% over the last year. On a year-to-date basis, it has gone up from Rs 1,184.55 per share to the current market price, representing a multibagger return of around 120%. It has doubled investors' money in just over 3 months in 2023.
The scrip touched a 52-week-high of Rs 2,790.00 on April 12, 2023, and a 52-week-low of Rs 863.25 on April 25, 2023, indicating that at the current market price, the stock is trading around 205% above the 1-year low and 5% below the recent 1 year high.
“Even though fundamentals are very good, WPIL stock price has become overvalued both fundamentally and technically with strong resistance at Rs 2,790 on the Daily charts. Investors should book profits at current levels as a fall till support of Rs 2,040 looks likely," said AR Ramachandran, Co-founder & Trainer-Tips2trades.
Mukul Agarwal also added De Nora India stock to his portfolio during the March quarter, and held 72,785 equity shares or 1.37% stake in the company. De Nora is a Goa-based manufacturer and coater of noble metal-coated electrodes, electrolyzers, and coating solutions for the electrochemical industries
The worth of Agarwal's holding in De Nora stands at Rs 7.7 crore. The stock was trading at Rs 1,099 on the NSE and was up by 19% from the previous closing price. De Nora share price has also jumped more than 100% in the past one year, meaning the stock has doubled investors' money in the last 12 months.
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