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HomeBANKING₹536 Multibagger Stock Will Double Before The Budget? Looking Strong For Investment

₹536 Multibagger Stock Will Double Before The Budget? Looking Strong For Investment

Budget 2024 Pick: Finance Minister Nirmala Sitharaman will present the budget on July 23. The market is also eyeing the budget. Before the budget, there are many such stocks, which look strong for investment. 

Many of these stocks are available at a good price. A renowned market expert has brought cheap shares to your budget. 

He has advised buying in Stanley Lifestyles Ltd (NSE: STANLEY) before the budget. This stock can touch up to Rs 800 by the next budget. He says to keep this stock in the portfolio.

Stanley Lifestyles Ltd: What Are The Buying Targets?

The expert has chosen Stanley Lifestyles Ltd as a cheap stock in your budget. This stock was listed recently. 

Its issue price was 369. Its issue was subscribed 97 times. It has climbed about Rs 100 from the issue price. There is an opinion to buy this stock.

A target of 12-18 months has to be kept for this stock. This stock has to be bought for the target of 650 and 800. 

This stock should be kept in the portfolio for 3-5 years. You can do SIP in it on every 5 percent fall. This stock has to be bought comfortably. It is a cash stock. The share price of 5 July 2024 closed at 487.

Why Did The Expert Like It?

Market expert says this company has experienced and professional management. They have a good understanding of business. 

They make each business profitable. This stock is ready to take advantage of India’s growth story. It is the only organized company in India to make luxury furniture.

He says, the company’s financial track record so far is good. There is a track record of consistent profits for the last 10 years. 

There is no legal case. Along with this, there is clean management. The company is expanding in small cities. This stock should be kept in the portfolio and sold at least double. Valuations are good.

Stanley Lifestyles Ltd Stock Performance

Current Price₹ 538
52-wk High₹ 544 
52-wk Low₹ 470
5 Days Return8.30%
1 Month Return13.80%

Key Fundamentals Parameters

Market Cap₹ 3,066 Cr.
Stock P/E93.8
Book Value
Dividend0.00 %
ROCE17.5 %
ROE15.7 %
Face Value₹ 2.00
P/B Value
OPM20.1 %
EPS₹ 44.6
Debt₹ 151 Cr.
Debt to Equity0.70

Stanley Lifestyles Ltd Shareholding Pattern

Promoters Holding
Jun 202456.81%
FII Holding
Jun 20242.63%
DII Holding
Jun 202423.86%
Hot Stocks Alert Join
Public Holding
Jun 202416.71%

Stanley Lifestyles Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 206 Cr
2021₹ 196 Cr
2022₹ 292 Cr
2023₹ 419 Cr
2024

Last 5 Years’ Net Profit:

2020₹ 8 Cr
2021₹ 2 Cr
2022₹ 23Cr
2023₹ 35 Cr
2024

Conclusion

This article provides a detail guide about Stanley Lifestyles Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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