Skipper Limited is one of the leading companies in the power transmission & distribution and polymer sectors.The company operates in more than 40 countries, including Latin America, Europe, and Africa.Skipper share is a multibagger stock and has given a return of 122 per cent in the last one year.
New Delhi. Power stock, Skipper Limited’s shares are witnessing a tremendous rise today. Intraday, this multibagger stock rose 15 percent to an all-time high of Rs 483.50 on NSE. After brokerage firm Axis Securities gave a ‘buy’ rating to Skipper shares, the stock witnessed a lot of buying. With this rise, the market capitalization of the company increased to Rs 5,305 crore. Skipper shares are trading above the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day moving averages, which shows the strength of the stock.
Skipper Limited is one of the leading companies in the power transmission & distribution and polymer sector. Skipper is a leading brand in the polymer sector (pipes and fittings) in India with a capacity of 62,000 MTPA. The company also manufactures telecom towers and railway structures. It is active in three core sectors – Engineering (68% of FY24 revenue), Infrastructure (18%), and Polymer (14%). Skipper Limited is known for its high-quality and cost-effective solutions in the power transmission, telecom towers and polymer sectors. The company operates in more than 40 countries including Latin America, Europe and Africa.
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doubled the money in one year
Skipper Limited stock hit its 52-week low of Rs 197.35 on 25 October 2023, but it has gained 104% so far in 2024. It has registered a gain of 122% in the last one year and 570% in two years. In five years, this multibagger stock has given a spectacular return of 781% to investors.
Share can go up to Rs 600
Brokerage firm Axis Securities has given a ‘buy’ rating to Skipper Limited stock. The brokerage has set a target price of Rs 600 for this multibagger stock, which is about 44 per cent higher than the current price. Axis Securities said, “Skipper Limited is India’s largest and the world’s only integrated transmission and distribution (T&D) company, which is uniquely positioned to take full advantage of the growing demand in this sector.” Technically, Skipper’s Relative Strength Index (RSI) is at 50.8, which indicates that the stock is neither in the overbought nor in the oversold zone. The stock’s beta is 1.6, which indicates its extreme volatility.
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Tag: Business News, Money making tips, Multibagger Stocks, Stock Tips
first published : September 23, 2024, 3:03 pm IST
