Multibagger Stock: Over 4,600% Return In 10 years! Do You Own It?

Multibagger return

Shares of RACL Geartech Limited have delivered over 4,600% return in the last 10 years and over 500% return in the last 5 years

About RACL Geartech

RACL Geartech was incorporated in 1983 and is engaged in the business of manufacturing of transmission gears and shafts for automotive and industrial applications

RACL Geartech on D-Street

Shares of RACL Geartech Limited hit its 52-week high of Rs 811 on December 6, 2022, and a 52-week low of Rs 444.40 on September 30, 2022

RACL Geartech shares down 8% from 52-week high

Currently, the shares of RACL Geartech are down over 8% from its 52-week high of Rs 811

HDFC Securities bets on RACL Geartech

Investors can buy the stock in the Rs 710- 725 band and add on dips in Rs 640-655 band for a base case fair value of Rs 785 and bull case fair value of Rs 855 over the next 2-3 quarters, as per HDFC Securities

HDFC Securities on
RACL Geartech

The energy crisis that has hit European nations could be a blessing in disguise for companies like RGL, the brokerage said

Analysts on RACL Geartech

HDFC Securities said RGL’s Revenue/EBITDA/PAT will grow at 20/22/19% CAGR over FY22-FY25E, led by increased demand from existing customers and the addition of new clients
 

RACL Geartech share price

Shares of RACL Geartech ended 1% lower at Rs 739.90 on BSE on January 6, 2023. The market cap of the firm fell to Rs 797.73 crore

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position

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