By Dipti Sharma Nov 12, 2021 4:02:06 PM IST (Updated)
Shares of yarn manufacturer, Nitin Spinners, has given astronomical returns to investors in the past one year. This multi-bagger stock has generated a 460 percent return in the past one year and has soared 263 percent Year-to-Date. The stellar run in the stock comes at the back of the company’s excellent earnings in the past few quarters and a strong demand outlook.
Nitin Spinners has given 460 percent return to investors in the past one year and has soared 263 percent so far this year. The bull run in the multi-bagger stock is not yet over, suggest experts while adding that investors could double their money in a year.
Live Tv
Loading...
“This stock has the potential to almost double over a year,” said Kkunal Parar, Vice-President, Research, Choice Broking.
What do technical charts indicate?
The stock faces strong resistance near its all-time high level of 295 and despite facing selling pressure near this level the selling volumes remained low indicating the prevailing interest, said Arpan Shah, Senior Research Analyst at Monarch Networth Capital.
Note To Readers
(Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)