You will find hundreds of multibagger stocks in the stock market which have given manifold returns to the investors. There are many of these in which people have become millionaires by investing money. One such stock is of Polymer Processing Industry. The name of this share is Xpro India Share. This stock has given tremendous returns to its investors in a very short span of time. Shares of Xpro India have given a bumper return of 7,100 per cent to its investors in the last three years.
Share of Rs 12 reached Rs 895
The share price of Xpro India as on June 18, 2020 was Rs 12.31. The stock reached Rs 895 during trading on Monday. In this way, this stock has given a return of 7170 percent during this period. Comparing this return with Sensex, Sensex has given a return of 81.72 per cent in three years. If an investor had invested Rs 1 lakh in Xpro India shares on October 19 last year, it would have been worth Rs 72.70 lakh today. Shares of Expo India rose 2.87 per cent to Rs 895 during Monday’s trade. However, on Monday it closed at Rs 870.85 with a gain of 0.10 per cent or Rs 0.85. Thus, if an investor had invested Rs 1 lakh in this stock 3 years back, he would have got Rs 72 lakh today.
What does the technical chart say?
Taking a look at the technical chart, the Relative Strength Index (RSI) for Xpro India is 66.8. It indicates that the stock is neither overbought nor oversold. Xpro India stock is trading above 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
How were the company’s results?
Xpro India’s net profit fell 75.54 per cent to Rs 4.27 crore for the quarter ended March 2023. 17.46 crore in the same period a year ago. At the same time, the sales of the company declined by 13 per cent to Rs 124.27 crore. The company is engaged in the business of polymers and packaging.
