Indian Press Connect

With returns of 2000%, this multi-bagger FMGC stock increased from Rs 10,000 to Rs 2 lakh in a decade

<p>Over the previous 10 years, investors have had remarkable gains on their investments in LT Foods stock, with approximately 2,000% returns. Over the last three years, the stock has grown by 495%.<img decoding=”async” class=”alignnone wp-image-219670″ src=”” alt=” old video surfaces srk responds appropriately to bbc anchor questioning sexism in” width=”1328″ height=”746″ srcset=” 299w,–150×84.jpg 150w” sizes=”(max-width: 1328px) 100vw, 1328px” title=”With returns of 2000%, this multi-bagger FMGC stock increased from Rs 10,000 to Rs 2 lakh in a decade 3″></p>
<p>Therefore, if an investor had placed a Rs 10,000 investment in the company 10 years ago and retained it, the investment would have climbed to Rs 2 lakh, per a study by ETMarkets. The share price of LT Foods was Rs 6.79 per share on September 20, 2013, translating to Rs 172.20 on October 5, 2023.</p>
<p>The price of this stock has increased by around 51% during the last 12 months. This stock has so far returned investors 41.40 percent in 2023. In the last six months, this stock’s price increased by 76.86%.</p>
<p>The 52-week high and low of this stock are both Rs 194.10 and Rs 90, respectively. The promoters control 51% of the company, according to the most current ownership information available with the stock markets. 49% of the corporation is owned by the public. 2.84 percent of the publicly traded stock is held by mutual funds, while 5.93 percent is owned by foreign investors. Retail investors own a sizable 16.13% of the corporation’s shares.</p>
<p>LT Foods Limited (LT Foods), according to a Moneycontrol article, expressed confidence that the convenience & health food product category would boost the company’s growth. Ashwini Kumar Arora, the company’s MD and CEO, estimates that 8 to 10% of revenues will come from this area during the next five years. In the first quarter of the current fiscal year, the company’s market share in India increased to 29.8%. When compared to the same quarter previous year, LT Foods’ revenue increased by 10%, or Rs 1,789 crore. PAT increased by 44% to Rs 137 crore over the prior year.</p>
<p>(Disclaimer: Brokerage companies provided the stocks listed here. A qualified adviser should be consulted if you want to invest in it. You will not hold News18 liable for any losses you incur.)</p>
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