Multibagger Stock – 4,700% rally in 3 years!

The data from Lloyds Metals & Energy shows that stock from the BSE 500 universe has surged up to 4700% in three years.

Lloyds Metals & Energy: This iron and steel manufacturing company is the biggest gainer in the BSE 500 index. Lloyds Metals & Energy's share price has surged 4775% in the three-year period to Rs. 716.65 on April 29, 2024, from Rs. 14.7 on April 29, 2021. It has a current market capitalization (m-cap) of Rs. 36,209 crore. This stock jumped 122% in the last one year.

Below is the chart of the stock along with the earnings –

Lloyds Metals & Energy daily chartLloyds Metals & Energy Earnings & PE chart:

Lloyds Metals and Energy chart shows sharp rise in stock prices from below 10 to now near 738 levels. This has given an exorbitant move of more than 4700% in 3 years and more than 122% in last 1 years.

Stock is still managing to protect its 50 and 200 days Moving average. It is important to also see of this rise in stock price is associated with rise in earnings or not. Price to Earnings ratio measures the how expensive is the stock compared to the current price.

Above EPS and PE chart shows the rising momentum in earnings over past 3 years. The PE ratio has continued to stay around 27 despite of sharp jump in stock prices. This indicates the earnings momentum is still good in the stock.

In a nutshell, by combining technical analysis like Elliott wave along with earnings momentum one can form strong combination of fusion analysis for identifying such multibagger stocks.

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