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Multibagger Stock: This stock in Rakesh Jhunjhunwala’s portfolio can generate returns of up to 142%.

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Multibagger stock: There is a continuous decline in the stock market. In such a situation, investors worry about where to invest, in which stocks to invest money in order to get multibagger returns. In such a situation, a stock in the portfolio of stock market veteran Rakesh Jhunjhunwala can yield a 142% return to investors in the next few days. The name of this stock in Rakesh Jhunjhunjhuwala’s portfolio is Jubilant Ingrevia, a pharmaceutical and agrochemical company. Brokerage firm Edelweiss Securities has issued a buy recommendation on Jubilant Ingrevia shares. Edelweiss Securities advised investors to buy Jubilant Ingrevia with a target of Rs 1006.

Not only Edelweiss Securities, but other brokerages are also bullish on the stock. According to Angel One, the stock could double from the current level. Angel One predicted that the share would rise to Rs 837. In Wednesday’s trading session, Jubilant Ingrevia stock closed at Rs 447 with a jump of 1.57%. The highest level of the stock is Rs 838.

Rakesh Jhunjhunwala held a 6.3% stake in Jubilant Ingrevia in one round. But Rakesh Jhunjhunwala reduced his stake in Jubilant Ingrevia from 6.3% to 4.7%. Jubilant life was split, after which Jubilant Ingrevia and Jubilant Pharma became two companies. Jubilant Ingrevia went public in March 2021 this year. Jubilant Ingrevia was listed at Rs 271 per share. Since then, this stock has given excellent returns to investors.

Jubilant Ingrevia is present in three sectors of activity, namely specialty chemicals, nutrition – health and chemicals for life sciences. 50% of the company’s revenue comes from the Lip Science Chemical division. Specialty chemicals generate 32% and the nutrition-health activity generates 18% of sales. The company is a leading manufacturer of pyridine products used in the manufacture of vitamins, dyes, drugs and other organic compounds.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risk. Always consult an expert before investing any money as as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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