10 thousand investment in 5 years, 1.80 lakh, further 60% growth estimates
It is very important to invest in the future. You
should always look for alternatives to invest where your money is doubled or
tripled in a short time. Many invest in bank savings accounts, fds, post
offices or other such schemes. It takes 8 or 9 years to double your
investment here. Many people also wait for 8 to 9 years for their
investment. At the same time, many people wait for more time by investing.
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| Share Market Tips |
But imagine that if your investment grows up to 18 times in less time then how
much bigger it will be for you. Actually this has happened too. In
just 5 years, the investors have become Rs. 10 thousand rupees. 1.80. That
is, such investors have become Lakhpati in just 5 years, who have waited 5
years after making their investments. Their money has been nearly 18 times
in 5 years. Not only that, brokerage houses are anticipating an even
higher 60% return.
Rico Auto Industries
- Rico Auto Industries manufactures auto parts and
equipments. The stock has made investors lacquer.
- On August 2013, the price of one share of Rico Auto was 4.44 rupees, which rose to Rs 81.75 on 8th May, 2018, on 8th May, 2018.
- In 5 years, we got around 1740 percent returns.
- That is, the investors who invested Rs 10 thousand in this company in 2013. Their investments increased to 1.80 lakh rupees now.
- On August 2013, the price of one share of Rico Auto was 4.44 rupees, which rose to Rs 81.75 on 8th May, 2018, on 8th May, 2018.
- In 5 years, we got around 1740 percent returns.
- That is, the investors who invested Rs 10 thousand in this company in 2013. Their investments increased to 1.80 lakh rupees now.
Read more - Who are the clients of the company
These are its clients
Among its clients, the country's largest car maker is Maruti
Suzuki, Mahindra & Mahindra, BMW, Renault, Hero MotoCorp and
Cummins. In the last two fiscal, Rico Auto has diversified itself into the
automobile industry segment. Passenger's stake in the Overall Revenue is
55 percent.
Net profit up 31.54%
in third quarter
In the third quarter of fiscal year 2018, the company's
consolidated net profit jumped 31.54 percent to Rs 13.22 crore. Net profit
of the company was 10.05 crores in the same quarter last year. Sales up up
26 percent to Rs 303.38 crore
Read more, what percentage growth is estimated
60% growth estimates
Brokerage house Edelweiss has estimated 60 percent
growth in Rico Auto's current market price. According to the broking firm,
the company's annual order book is more than 500 crores and has bid for orders
of more than 700 crores. This shows that the company's growth is
healthy. Brokerage House has given a target of 125 rupees in
stock. That is, investors have a chance to get 60% return in stocks now.
The data of this blog has taken from Moneybhasker.com by this link 10 thousand investment in 5 years, 1.80lakh, further 60% growth estimates
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