Multibagger stock: Shares of Rattanindia Enterprises Ltd are one of the multibagger stocks that Indian stock market has produced in the current financial year. After bottoming out around ₹33 apiece levels at the end of March 2023, this drone maker’s stock rose to a new high of ₹81.60 per level on NSE during Friday deals, delivering around 150 percent return in FY24.
RattanIndia’s share price touched a new high in Thursday’s session as well. However, after touching a new high on Thursday, RattanIndia’s share price today opened and continued to hit a new lifetime high of ₹81.60 for stock levels during early morning offers. So, this drone maker’s stock hit an all-time high for two days in a row.
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RattanIndia Enterprises share price history
In the last month, RattanIndia’s share price has appreciated closely ₹51 to ₹81.60 for stock levels, registering more than 50 percent increase in this time. In the last six months, this drain stock has increased from around ₹38.50 to ₹81.60 for stock levels, rising to the tune of more than 100 percent in this time horizon. Likewise, in 2023, this multibagger stock has given around 80 percent YTD returns to its positional investors.
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In FY24, RattanIndia’s share price rose from around ₹33 to ₹81.60, delivering a 150 percent return to its position investors. However, at the beginning of FY22, this drone stock was around ₹5.50 per levels. On 9 April 2021, RattanIndia’s stock price ended on NSE at ₹5.65 per share levels and today it climbed to a new peak of ₹81.60 for stock levels, registering close to 1,350 percent increase in this time of almost 32 months time.
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RattanIndia Enterprises Ltd is in drone doing business through its subsidiary NeoSky India. By mid-2022, acquired a 60 percent stake in Throttle Aerospace Systems Pvt Ltd (TAS), India’s leading drone manufacturing company.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
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Updated: 24 Nov 2023, 13:35 IST