Multibagger Stock: There will be further rise in this multibagger stock, the owner of the company is close to Mukesh Ambani

The period of decline in the stock market continues. Yesterday i.e. on 19th November, Sensex fell from all time high of 85,922 points to 77,578.38. Whereas Nifty fell from all time high of 26,166 points to 23,518.50.

However, in this period of decline, there are some stocks which can give returns of 10 to 37 percent to their investors in the coming time. One of these shares is Piramal Pharma Ltd, whose owner is Ajay Piramal, who is close to the country’s leading businessman Mukesh Ambani.

what does the report say

Amidst the decline in the market, Economic Times has released a report, in which it has been told about 20 such stocks which may see a growth of 10 to 37 percent in the coming time. These include companies like Pradeep Phosphate, Motilal Oswal Fin, Skipper, Tilaknagar Industries and Piramal Pharma Limited.

Piramal Pharma is a multibagger

Piramal Pharma shares have doubled the money of its investors in the last one year. This multibagger share was worth Rs 119.45 on 20 November 2023. Whereas, on November 19, 2024, the price of this share was Rs 250.80. Talking about the last one year, this stock has given a return of 109.96%.

Fundamentals of Piramal Pharma

The market cap of Piramal Pharma Limited is Rs 33,223 crore. Its stock PE is 575 and ROCE is 5.49 percent. The book value of the share is Rs 59.6 and ROE is 0.22 percent. Talking about the face value of Piramal Pharma, it is Rs 10. The 52 week high of the share is Rs 307.85 and the 52 week low is Rs 114.45.

Also read: Stock Market Holiday: Voting is going on for Maharashtra Assembly elections, there will be no trading in BSE-NSE today

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