Multibagger stock close to life-time high. Share turns three bagger in three years

livemint.com:

Multibagger stock: Shares of Responsive Industries Ltd are one of the multibagger stocks that Indian stock market has delivered in recent years. In fact, this multibagger stock has doubled shareholders' money in YTD, delivering over 100 per cent return to positional investors. However, it seems that there is still some steam left in this multibagger stock.

Despite weak stock market sentiments, Responsive Industries share price today opened upside and went on to hit intraday high of ₹245.95 per share on NSE, logging intraday gain to the tune of 4.35 per cent within few minutes of stock market's opening bell. While ascending to intraday high of ₹245.95 apiece levels on NSE, the multibagger stock inch close to life-time high of ₹249.25 per share levels. However, profit booking triggered at Monday's high and the stock is currently quoting at ₹240 apiece levels.

This multibagger stock has delivered stellar return to its shareholders in poist-Covid rebound. After making its bottom at around ₹75 apiece levels in Covid-19 sell off, this stock has remained an ideal buy on dips stock for positional cash investors. The multibagger stock has been in continuous uptrend after ushering in new financial year 2023-24.

It has surged from around ₹110 to ₹240 apiece levels in FY24, delivering around 120 per cent in current financial year. In last one month, this multibagger stock has risen from around ₹196.55 to ₹240 apiece levels, delivering more than 20 per cent return to its shareholders. In last six months, this multibagger stock has delivered 95 per cent return whereas in YTD time, this stock has given little more than 100 per cent return to its shareholders.