₹102 to ₹8370: Multibagger stock turns ₹1 lakh to ₹82 lakh in 9 years

Multibagger stock: If an investor had invested ₹1 lakh in Tata Elxsi shares 5 years ago, its ₹1 lakh would have turned to ₹9.60 lakh today.

Multibagger stock: In YTD time Tata Elxsi shares have given 42 per cent return whereas IT majors Infosys, TCS and Wipro have given zero return in 2022

Multibagger stock:  

Despite reeling under the slowdown and inflation concerns, some quality stocks have given stellar return to its shareholders. Tata Elxsi share are one such stock. When most of the IT stocks have received heavy beating, this Tata group IT stock has delivered 42 per cent YTD return. However, this is not the first time when Tata Elxsi share price has given whopping return to its shareholders. It is one of the multibagger stocks in India that has been giving stellar return to its shareholders for long. In last 9 years, this multibagger stock has surged from ₹102 to ₹8370 apiece levels, delivering around 8100 per cent return to its positional shareholders.

Tata Elxsi share price history

In last one month, this large-cap stock has surged from ₹7788 to ₹8370 apiece levels, recording near 7.50 per cent rise in this time. In ,last 6 months, this multibagger Tata group stock has risen from around ₹7040 to ₹8370 levels, logging near 19 per cent return in this period. In year-to-date (YTD) time, Tata Elxsi share price has ascended from ₹5890 to ₹8370 apiece levels, clocking around 42 per cent rise in 2022. In last one year, this IT stock has appreciated from around 4250 to ₹8370 levels, logging around 95 per cent rise in this time horizon.

Likewise, in last 5 years, this multibagger stock has shot up from around ₹875 to ₹8370 per share levels, clocking near 860 per cent jump in this time frame. However, in last 9 years, this stock has ascended from ₹102 to ₹8370 levels on NSE, registering near 8100 

per cent appreciation in this period.

Impact on investment

Taking cue from Tata Elxsi share price history, if an investor had invested ₹1 lakh in this stock one month ago, its ₹1 lakh would have turned to ₹1.075 lakh today whereas it would have turned to ₹1.19 lakh in 6 months. In YTD time, this ₹1 lakh would have tuned to ₹1.42 lakh today. If an investor had invested ₹1 lakh in this multibagger stock one year ago and had remained invested in it throughout this last one year, its ₹1 lakh would have become ₹1.95 lakh today.

Likewise, if an investor had invested ₹1 lakh in Tata Elxsi shares 5 years ago, its ₹1 lakh would have turned to ₹9.60 lakh today. Similarly, if an investor had invested ₹1 lakh in this multibagger stock 9 years ago, its ₹1 lakh would have turned to ₹82 lakh today. 

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Zomato shares: Analysts warn of selloff risks as one-year lock-in ends soon

 Zomato shares were listed on Indian bourses at a bumper premium of more than 51 per cent.Zomato shares were listed on Indian bourses at a bumper premium of more than 51 per cent.

Zomato shares were listed on BSE and NSE on 23rd July 2021 that means one year lock-in for founders, promoters, employees, etc. is going to end next week

Zomato share price:The public offer of food service platform Zomato Limited was listed on BSE and NSE on 23rd July 2021 that means one year lock-in for promoters, employees, and other will end next week. With this one year lock-in of around 613 crore Zomato shares, which is to the tune of 78 per cent of total paid up capital of the company, stock market analysts have cautioned sell-off risk in the stock calling it an idea 'sell on rise' stock in short to medium term.

Speaking on the overhang coming on Zomato shares after the end of one year lock-in, Anuj Gupta, Vice President — Research at IIFL Securities said, "Zomato shares were listed on BSE and NSE on 23rd July 2021, which mean one year lock-in for promoters, company employees, founders of the company, etc. is going to end next week. As these shareholders constitute around 478 per cent of total paid up capital of Zomato, shares of this food service platform is expected to remain under the sell-off pressure."

Calling Zomato shares as an ideal 'sell on rise' stock in short to medium term, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "There won't be immediate sell-off taking place in the counter as the stock is trading much below its offered price of ₹72 to ₹76 per equity share. However, the sock would face immediate sell-off pressure as and when it would reach around its offered price at the time of IPO launch. So, Zomato shares are expected to remain an ideal sell on rise stock in short to medium term."

Zomato shares were listed on BSE and NSE on 23rd July 2021 at a bumper premium of more than 51 per cent. After bumper listing, Zomato shares went on to make its life-time high of ₹169 apiece levels in November 2021 breaching ₹1 trillion market cap during this post-listing rally. However, the food services stock has been under sell-off heat after climbing to its life-time high and has been making new 52-week lows for last few sessions. Zomato shares ended at ₹53.50 apiece on NSE on Thursday, which is ₹3.45 above its 52-week low of ₹50.05 per share.

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Top stocks in focus today: Sun Pharma, Sobha, Jaypee Infratech

Tata Motors' total JLR UK sales down 17.3% at 6,195 units vs. 7,487 units (YoY).

The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February, as per media reports.

Tata Housing and the Lodha Group have filed initial bids for debt laden realtor and road builder Jaypee Infratech, according to a media report.

NBCC has received contract from Ecotourism Development Corporation of Uttarakhand, Dehradun for construction of Kotdwar-Ramnagar Kandi Road amounting Rs2,000cr.

Sagar Cements' December sales up 65% at 2,54,348 million tonnes vs. 1,54,195 million tonnes on yoy basis.

Sobha’s Q3FY18 new sales volumes at 9,33,365 square feet valued at Rs751cr.

Force Motors' December domestic sales at 1,900 units.

Den Networks has entered into an agreement with cable TV distribution company VBS Digital Distribution Network (VBS) for acquiring 51% stake in VBS for Rs2.6cr.

Visa Steel is in discussion with SBI for settlement after the SBI filed an application with National Company Law Tribunal Kolkata to initiate corporate insolvency resolution process for the company under Insolvency & Bankruptcy Code.

Aban Offshore has offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, as per media reports.

Aegis’ LPG unit allots 2.39 lakh shares to Itochu for a total consideration of Rs239.29cr.

Seamec enters into a charter party with GOPL Offshore for charter hire of vessel Seamec III for $2.4 million.

Venus Remedies to consider details of QIP issue on Jan 8.

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Sensex, Nifty remain firm; Maruti Suzuki stock up 2%

Benchmark indices rose for a fourth straight session after BJP secured victories in two key state elections, raising optimism over future reform initiatives. The Sensex rising more than 100 points, following positive global cues.

Global equity markets rose on the likely passage of the corporate tax cut bill as early as this week.

At 10:39 AM, the BSE Sensex was trading at 33,703, up 101 points, while the Nifty50 was ruling at 10,417, up 28 points.

Shares of Bharti Airtel dropped after the company said it has entered into an agreement with Millicom International Cellular S.A. to acquire 100% stake in the latter's Rwandan arm Tigo Rwanda.

Shares of De Nora India rose 6% after the company, post market hours on Monday, said it has won orders worth Rs120mn from Bharat Heavy Electricals.

Shares of Kridhan gained 9% after investment fund of the Government of Singapore, GIC, bought 1.2% stake in the company on Monday through a bulk deal on the BSE.

The BSE Midcap Index gained 0.66% and the BSE Smallcap Index rises 0.92%.

Telecom is the top loser on the BSE, while Consumer Durables, Auto, Metal, Industrial, FMCG and Banking were the top gainers.

UPL (+3.2%), Eicher Motors (+2%), Tata Motors (+1.5%), Aurobindo (+1.4%) and Coal India (+1%) were the top gainers on the Nifty50.

GAIL (-1.2%), HCL Tech (-0.73%), Bharti Airtel (-0.69%), Bajaj Finance (-0.67%) and Infosys (-0.40%) were the top losers in today’s trade.

India VIX dropped 3.01%.

Out of 1,979 stocks traded on the NSE, 1,224 advanced, 324 declined and 431 remained unchanged today.

A total of 51 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.

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Nifty reclaims 10,100 mark; Metal, PSU Bank Indices lead

Domestic benchmark indices opened higher today led by gains in shares of banks, energy and automobiles company, and on positive cues from Asian markets.

At 10 AM, the Sensex jumped 181 points or 0.65% at 32,778 while the NSE Nifty gained 58 points or 0.55% to 10,102.

The BSE Midcap index and BSE Smallcap index was up by 0.8%. Both these indices outperformed the Sensex.

All sectoral indices on the NSE were trading in the green.

GAIL (+2.7%), Tech Mahindra (+2.1%), Bosch (+2%), Aurobindo Pharma (+1.8%) and Tata Steel (+1.4%) were the top gainers on Nifty50.

HCL Tech (-0.3%), Sun Pharma (-0.1%), Wipro (-0.04%), TCS (-0.03%) and HDFC Bank (-0.01%) were the top losers in today’s trade.

India VIX dropped 1.64%.

Out of 1,975 stocks traded on the NSE, 1294 advanced, 316 declined and 410 remained unchanged today.

A total of 25 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

IDBI Bank was up 1.28%. The bank said that its board of directors has approved the d sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank.

Hatsun Agro Product was up 2.28%. The company said that the board of directors of the company has considered and approved raising funds for the company by way of issue of securities to the existing equity shareholders of the company on a rights basis aggregating up to Rs900cr.

IRB Infrastructure Developers fell 4% today as the Central Bureau of Investigation has filed a charge sheet with a Pune court against its arm for alleged illegal purchase of government land.

Asian shares hovered near two-month lows as softer oil and copper prices and uncertainty over US policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

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Market opens in red, Nifty slips below 10,100; RCom down 5%

The benchmark equity indices Sensex and Nifty opened on a negative note on Tuesday ahead of the kickstart of two-day RBI policy review. 

At 9.25 am, the 30-share Sensex was trading 58.87 points, or 0.18 per cent, lower at 32,810. The index was up over 150 points in the morning trade. The NSE barometer Nifty50 index was trading 15.50 points, or 0.15 per cent, lower at 10,112.25 around the same time. 

Investor sentiment was weak after Fitch Ratings pared India’s growth forecast for this financial year to 6.7 per cent from 6.9 per cent estimated earlier citing lower-than-expected recovery in the second quarter. For 2018-19, the credit rating agency has cut the forecast to 7.3 per cent from 7.4 per cent. 

Meanwhile, brokerages were largely expecting a status quo on the policy rate. 

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