Multi-bagger stocks 2021: Taking a cue from NSE SME listed stock price history, if an investor had invested ₹1.04 lakh in the stock two months ago and had remained invested in the stock till date, its ₹1.04 lakh would have become around ₹2.08 lakh.
Equity return in the year 2021 is robust, and stock market experts think it is because of the strong rebound of the markets after the heavy selloff post-first wave of Covid-19. But, to surprise the street followers, the list of multi-bagger stocks in 2021 in India includes NSE SME stocks. Rex Pipes and Cables Industries Ltd shares are a glaring example of it. The NSE SME listed stock has been skyrocketing throughout last month after Listing, and it has ended in the green zone in the last 3 out of 5 trade sessions.
REX PIPES AND CABLES INDUSTRIES LTD stock is an NSE SME listed stock that got listed in 10, AUGUST 2022. Today, the Rajasthan based Company stock price has gained 100 per cent, but this month, it has gained near 20 per cent by surging from ₹42.10 per stock level to ₹50.20 per stock mark at NSE.
Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing PVC pipes, HDPE pipes, cables, and fittings under the “Rex” brand name. It offers a wide range of products, including three core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables used by different industries, i.e. agriculture, power, construction, and engineering.
It has ultra-modern state of the art manufacturing facilities in Sikar. The company further undertakes manufacturing and fabrication of bus bodies under the brand “Rex Coaches”, with a total capacity of 600 buses per year. It offers distinctive products for the passenger transport industry, i.e. city buses, school buses, intercity coaches, executive buses, commercial road container trucks, and others.
Rex is the renowned leader of India’s plastic industry, having valuable experience in providing an innovative and cost-effective piping solution. The company’s objective is to meet the growing needs of its clientele in the water, waste management and infrastructure sector through a specially developed high-performance range of piping products. Rex’s wide range of piping products caters to almost every application segment. Each product has been custom-designed to match the specific needs of a specific application, which makes it practically sound.
Taking a cue from REX PIPES AND CABLES INDUSTRIES LTD share price history, if an investor had invested ₹1 lakh in the stock 20 days ago and had remained invested in the stock till date, its ₹1 lakh would have become around ₹1.20 lakh. Similarly, if the investor had invested ₹1 lakh in the NSE SME counter two months ago and remained in it until today, its ₹1.04lakh would have become ₹2.40 lakh.
This stock doubled the investor’s money in two months, and still, analysts are optimistic that this stock may give more returns in future.