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Know all the information about the stock giving 36% profit in 3 months


Multibagger stock: Southern Petrochemical Industries Corp (SPIC) is one of the few stocks that have given bumper returns in the year 2021. At the beginning of the year 2021, its price was Rs 24.40 per share, which has now increased to Rs 51.60 per share. In this way, the shares of SPIC have given a profit of about 110% so far in the year 2021.

If the opinion of experts is to be believed, then it can earn more profits in the coming days. Experts say that in the next three months, it can give another 36% profit to its investors. According to the report, experts are advising to buy for this stock. A target of Rs 68 has been given for this in the next three months.

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Stock market savvy says that on the weekly chart, this multibagger stock has given a breakout of such a pattern, which is giving clear signs of bullishness. The daily chart of the stock is also showing signs of going up. It is clear that there are indications from the chart that the rally in SPIC stock will continue in the near future.

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Apart from this, the stock is trading above its 21 day and 50 day moving average. This is also a positive sign. Experts advise for investors that around Rs 50 should be seen as a buying opportunity in SPIC stock and for this a target price of Rs 60 to 68 should be kept.

This is 36% more than its current price. Support is also visible for this multibagger stock at the level of Rs 45 to 42. In such a situation, a position can be taken in this stock by putting a stop loss of Rs 42.

1 performance of the year

Talking about the performance of SPIC stock, this stock has given a return of 5.74 percent to its investors in the last one month. At the same time, the price of this stock has increased by about 15.82 percent in the last 6 months. At the same time, in the year 2021, this stock has given a multibagger return of 11.48 percent, while its investors have got a return of 123.86 percent in the last one financial year. On Friday, December 11, SPIC shares closed at Rs 51.60 per share with a gain of 0.09 per cent on the NSE.

Disclaimer- The information provided here is for informational purposes only. Always consult an expert before investing money as an investor. never advises anyone to invest money in these places.



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