There is risk in the stock market, but many stocks change the fortunes of people. One such stock is of Danube Industries Limited. Its stock had reached Rs 73 from Rs 1. That is, if someone had invested Rs 1 lakh, it would have become Rs 72.90 lakh. At present its stock is at Rs 15 and it is expected to rise once again in the next 6 months.
Danube Industries Limited may be around Rs 15 for some time now, but it has proved to be a Multibagger Stock in terms of long term investment. On July 13, 2020, its one stock was at Rs 1.11, which had traveled up to Rs 72.90. If someone would have invested in this stock, then he would have got
a bumper profit. The 52 week high of the stock was Rs 72.90, while the 52 week low was Rs 12.05.
Monitoring the performance of the company
Danube Industries is an IT company, which surprised people with its performance. In the financial year 2022-23, the company's sales increased by 30 crores, which reached 70 crores. The estimated sales target for this financial year, 2023-24, is Rs 350 crore. Behind this, the company has received orders from Dubai and Qatar, which are said to be worth Rs 125 crore. Danube Industries had recently given a gift to the investors by announcing 1:1 bonus.
Where will the stock reach in 6 months?
The stock of Danube Industries Limited was facing a downtrend for some time now, but now its price has gone up a bit. The reason behind this is being given to the performance of the company. Its stock was moving at a slow pace in the initial year, but within three years it gave tremendous profit. Once again it is expected that its stock will gain momentum.
Looking at the growth of the company in this financial year, the market expert has set a target price of Rs 90 in the next 6 months and has retained its Buy rating.
(Note- Before making any kind of investment in the stock market, do take the advice of your market experts.)
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