This Multi-bagger Stock Has Given Investors 208% Returns In A Year – News18

This 12 months has witnessed a pointy improve within the inventory worth of packaging merchandise producer AGI Greenpac. The funding portfolio of seasoned investor Ashish Dhawan contains this multi-bagger inventory, which has quadrupled buyers’ returns. Dhawan has lengthy held shares in AGI Greenpac in his portfolio. AGI Green Pac’s shares closed at Rs 965 on the NSE on Friday, up round 8 per cent from the earlier buying and selling session. The inventory was listed at Rs 980.95 until the submitting of this report.

AGI Greenpac inventory has climbed by 80 per cent through the previous six months. In 2023, the inventory has elevated by 197 per cent to date. In a 12 months, buyers have acquired a whopping return of just about 208 per cent from this multi-bagger inventory. In the final 5 years, this share’s worth has climbed by 1,228 per cent. Indian investor Ashish Dhawan has a 4.8 per cent stake in AGI Greenpac. According to Trendline information, until September 2023, held 31 lakh shares of the corporate.

Ashish Dhawan’s shares of AGI Greenpac Limited have produced monumental earnings, making him rich in only a 12 months. AGI Greenpac’s share worth was Rs 313.50 on November 7 final 12 months. It has now gone as much as Rs 965. Dhawan has profited by Rs 652 per share on this method. Multiplying this by thirty-one lakh shares yields a revenue of Rs 2,021,200,000.

HSIL Limited was the earlier title of AGI Greenpac Limited. AGI Greenpac produces a spread of packaging merchandise, resembling polythene, terry plate bottles and merchandise, glass containers and specialised glass. Following its 2011 acquisition of Garden Polymers Private Limited, the corporate started producing pet bottles.

In relation to its most up-to-date acquisition plan for Hindustan National Glass (HNG), the nation’s oldest glass manufacturing facility, AGI Greenpac is actively searching for to resolve courtroom-associated considerations. Chief Financial Officer Sandeep Sikka expressed optimism that the problem might be resolved in three to 4 months. The Competition Commission of India (CCI) has acquired a plea from the Independent Sugar Corporation (INSCO) contesting the fee’s endorsement of AGI Greenpac’s plans to accumulate HNG. Nevertheless, the National Company Law Appellate Tribunal’s (NCLAT) New Delhi courtroom rejected the case. The Supreme Court is now contemplating the case.

(Disclaimer: The data given right here is predicated on the efficiency of the inventory. Since investing within the inventory market is topic to market threat, please seek the advice of a licensed funding advisor earlier than investing. News18 won’t be chargeable for any loss brought on to you)