One of the most crucial attributes for stock market investors is patience. Expert investors believe that the best way to make money is to wait rather than to buy and sell stocks. One should aim to keep a good stock for as long as possible. A long-term time horizon reduces the risk of equities exposure while also allowing investors to maximize their returns. The stock of Eicher Motors is a perfect illustration of this “buy, hold, and forget” strategy. Eicher Motors’ share price has climbed 1116 times in the last two decades, from Rs 2.43 to Rs 2712 per share.
History of Eicher Motors’ stock price
Eicher Motors’ share price has risen from 2447.25 to 2712 in the previous six months, yielding close to 11 percent to its owners, while this auto stock has risen by roughly 24 percent in the last year. Eicher Motors’ stock price has risen from 2192.85 to 2712 apiece in the last year. This stock has achieved a multibagger return of roughly 115 percent over the last year and a half. From April 2020 to the present, the Eicher Motors share price has risen from roughly 1268 to 2712 per share. This multibagger stock has risen roughly 15.60 times in the last ten years, from around 174 to 2712 levels.
Similarly, in the last 20 years, Eicher Motors’ share price has climbed from Rs 2.43 (close price on NSE on November 15, 2001) to Rs 2712 (close price on NSE on November 8, 2021), giving its stockholders a 1116 percent increase in value.
The effect on investment
Using Eicher Motors’ share price history as a guide, an investor who put $10,000 in this auto stock six months ago would now be worth Rs 11,100. If the investor had put Rs 10,000 into Eicher Motors stocks a year ago, that money would now be worth Rs 12,400. Similarly, if an investor had bought Rs 10,000 in this stock in early April 2020, buying Eicher Motors shares at roughly Rs 1268 per share, and had stayed invested in the counter until today, his or her Rs 10,000 would have grown to Rs 21,500.
Similarly, if an investor had put Rs 10,000 into this stock ten years ago, that money would now be worth 1.56 lakh. However, if an individual had bought Rs 10,000 in this company 20 years ago and remained invested throughout that time, that Rs 10,000 would now be worth 1.116 crore.
The stock price of Eicher Motors is expected to rise.
Sumeet Bagadia, Executive Director at Choice Broking, advised stock market investors to buy this multibagger stock “Eicher Motors has delivered a new breakout at 2712 on a closing basis, and it might rise to 2900 to 3000 in the near future. This counter can be purchased at the current market price with a stop loss of Rs 2600 per share.”
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of The Shining Media.
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