According to stock market experts, long term investors can buy this multibagger stock at current price and continue buying above Rs 1,300 but be sure to set a stop loss of Rs 1,250.
Dolly Khanna Portfolio: Shares in the portfolio of veteran investor Dolly Khanna Butterfly Gandhimathi Appliance Limited have been included in the 2021 Multibagger stocks. The stock has risen from Rs 560 to Rs 1,380 in the last one year, giving shareholders a 150 per cent return.
22% return is given in one month
The stock has given impressive returns of 7 percent this week and 22 percent in the last one month. This multi has increased from Rs 736.50 to Rs 1380 in last 6 months. This stock has returned 90% in last 6 months. According to stock market experts, the multibagger stock included in the portfolio of Dolly Khanna shares is on a bullish trend and could reach Rs 1,650 in the next 3 months. Thus in 3 months it can give a return of about 20 percent of the market price.
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Expect further growth
Sumit Bagadia, executive director of Choice Broking, said: The short term goal is to keep the stop loss at Rs 1500 and Rs 1320 level. Bagadia added that those who have the stock in their portfolio should keep it with a stop loss of Rs 1,320.
Hold the 1650 target
Robi Singal, Vice Chairman, GCL Securities, said, “Long-term investors can buy this multibagger stock at current prices and continue buying above Rs 1,300. You can keep it for 3 months with a target of Rs 1,600 to Rs 1,650 However, be sure to set a staples of Rs 1,250.
Let us tell you that Butterfly Gandhimathi is India’s leading manufacturer of kitchen and electrical appliances. The company sells its products under the Butterfly brand. The company tops the market in LPG stoves and table top weight grinders, mixer grinders and pressure cookers. Over the past 3 years, the company has increased its focus on online business, increasing its revenue.
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