Tag: multibagger

Shares of JK Paper Ltd surged to hit a record high of ₹452 apiece on the BSE in Wednesday's early trading session in an otherwise weak market. In the past four trading days, the stock price of the paper maker has rallied 10 percent. The stock has been an outperformer this year as it has given a multibagger return of over 115% in 2022.JK Paper is among the top makers of copier paper, coated paper, and packaging boards in the country. The company is consistently following a policy of focusing on value-added products like Copier, Bond, Security, Coated Papers, Virgin Fibre Packaging Boards, High-end Maplitho, Food Grade Papers, and Boards. Read more

Shares of Bajaj Finserv hit a new high of Rs 18,702 as they rallied 6 percent on the BSE in Thursday’s intra-day trade on the back of heavy volumes. Bajaj Finserv shares have given multi-bagger returns in 2021 so far as it is up more than 100% this year. The holding company for the various financial services businesses of the Bajaj Group is set to join elite list companies that have a market capitalization of Rs 3 trillion. Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (a market cap of Rs 284322.91 Crore) operating in the NBFC sector. Bajaj Finserv is primarily engaged in the business of promoting financial services such as finance, insurance, wealth management, etc. through its investments in subsidiaries and joint ventures. The company is also engaged in the business of generating power through wind turbines, a renewable source of energy. Read more

The quick-service restaurants (QSR) are in a comfortable position to tap the growth in the Indian foodservice industry, with Covid acting as a strong tailwind, say analysts. While they expect Jubilant Foodworks, the master franchisee for Domino's Pizza in India, to be the most profitable and efficient of the lot, its expensive valuations at 177x FY21 P/E is a key concern. They, however, find more comfort in Burger King India amid expectations of swift expansion in topline and margins. Some analysts expect Burger King India to rise as much as 117 percent in the next three years. They have a target price of Rs 365 per share, assuming 25x multiple. "Burger King will enjoy an attractive opportunity for both topline and margin expansion, led by a big shift in its business model through the introduction of 'barbell' product strategy and BK Café. In addition, aggressive store network expansion and capped royalty rate will also be key drivers of EPS growth," say the experts.