₹2.43 to ₹2712: Multibagger stock turns ₹1,000 to ₹10 lakh in 20 years

Eicher Motors Stock Price Analysis in the Last Six Months

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Eicher Motors Stock Price Analysis in the Last Six Months.Multibagger stock Tolerance is one of the most important merits for stock request investors. According to ace investors, plutocrat isn't in buying and selling of stocks but in delay. One should try and hold a quality stock as long as it can. A long- term time horizon not only minimizes the threat factor of the equity exposure, it also helps investor maximise its earnings. Eicher Motors shares are striking illustration of this' buy, hold and forget' strategy. In last 20 times, Eicher Motors share price has risen from ₹2.43 to ₹ 2712 per share situations, rising around 1116 times in last two decades. 

Eicher Motors share price history 

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In last six months, Eicher Motors share price has gone up from ₹2447.25 to ₹ 2712 situations, yielding near 11 per cent to its shareholders whereas in last one time, this bus stock has logged around 24 per cent rise. In last one time, Eicher Motors share price surged from ₹2192.85 to ₹ 2712 all situations. In last bone and half times, this stock has delivered multibagger return of around 115 per cent. Eicher Motors share price went up from around ₹ 1268 to ₹ 2712 per share situations from April 2020 to till date. In last 10 times, this multibagger stock surged from around ₹ 174 to ₹ 2712 situations, rising around15.60 times in this period. 

Likewise, in last 20 times, Eicher Motors share price has risen from ₹2.43 ( close price on NSE on 15th November 2001) to ₹ 2712 ( close price on NSE on 8th November 2021), giving 1116 rise to its shareholders plutocrat in this period. 

Eicher Motors share : Impact on investment 

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Taking cue from Eicher Motors share price history, if an investor had invested ₹ in this bus stock six months agone, its ₹ would have turned to ₹today.However, in Eicher Motors stocks one time ago, its ₹ 10, If the investor had invested ₹ 10. Also, if an investor had invested ₹ in this stock in early April 2020 buying Eicher Motors shares at around ₹ 1268 per share situations and had remained invested in the counter till date, its ₹ would have turned to ₹ moment. 

Also, if an investor had invested ₹ in this stock 10 times agone, its ₹ would have turned to ₹1.56 lakh moment. Still, if an investor had invested ₹ in this stock 20 times agone and had remained invested in this stock throughout this period, its ₹ would have turned to ₹1.116 crore moment. 

Eicher Motors share price outlook 

Advising stock Request investors to buy this multibagger stock; Sumeet Bagadia, Executive Director at Choice Broking said,"Eicher Motors has given fresh rout at ₹ 2712 on closing base and it may go up to ₹ 2900 to ₹ 3000 in near short- term. One can buy this counter at current request price maintaining stop loss at ₹ 2600 per share situations."