For the first time in the country, the share price of a company has crossed one lakh rupees, know what is the reason for this boom
[ad_1]
Is it the right time to invest
According to experts, the stock is currently at a very high valuation. So it is an expensive stock. It would be better to wait for a few days now. On the other hand, those who have these shares can book profit. According to Bloomberg, the stock has only one buy call, two holds and eight sell calls. The 12 month target price on the stock is Rs 84047. This indicates a decline of 16 per cent from its current level.
Top Loser Stocks: These 7 stocks made investors poor, had invested ₹ 1 lakh, now not even a thousand is left, see listBecause of this rising prices
The reason for the rally in MRF shares is its excellent volumes. According to experts, MRF stock has seen a steady rise. The company has given good returns to the investors. In such a situation, the confidence of investors has increased on this stock. The stock has also gained momentum due to good buying. Let us tell you that MRF is at the top of the list of highest price tag stocks in India. Honeywell Automation, whose shares were trading at Rs 41,152 today, is at the second position in the list, followed by Page Industries, Shree Cement, 3M India, Abbott India, Nestle and Bosch.
[ad_2]
Source link