Shankar Sharma portfolio: Multibagger telecom stock Valiant Communications turns ₹1 lakh into ₹31 lakh in 4 years
Shankar Sharma portfolio: Telecom stock Valiant Communications is in the news these days as the ace investor's name has appeared in the shareholding pattern of the small-cap company for the January to March 2024 quarter. As per Shankar Sharma's latest portfolio update, the market magnate has picked Valiant Communications shares during the recently ended March 2024 quarter. After the outbreak of this stock market news, the telecom stock hit a 5 percent upper circuit on Friday.
However, this Shankar Sharma-owned telecom stock has a history of delivering whopping returns to its shareholders. This Shankar Sharma-owned telecom stock is one of the multibagger stocks that the Indian stock market has delivered in recent years. In the last six months, Valiant Communications share price has ascended to the tune of 60 percent whereas it has given a 175 percent return to its investors in the last one year time.
This multibagger telecom stock has been in an uptrend after bottoming out at the ₹15 apiece level in March 2020. On Friday, Valiant Communications share price finished at around ₹463 apiece, which means the multibagger stock has risen around 26 times in the post-COVID rebound. Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — April 15 As mentioned above, this Shankar Sharma-owned telecom stock has appreciated from nearly ₹290 to ₹463 per share levels, recording around 60 percent rise in the last six months.
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