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Multibagger Stock- Precision Wires India Limited is the country’s largest winding wire manufacturing company, whose client list includes many big giants. This stock has gained 27 percent in a year and Antique Broking has advised to bet in this multibagger stock.
New Delhi. Those who have invested money for long term in the shares of Precision Wires India Limited, the country’s leading winding wire manufacturing company, have got a sweet reward for their patience. This multibagger share has given 1049 percent return to investors in five years. However, the price of this share has fallen by 11 percent in the last one month. Now Antique Stock Broking has once again expressed the possibility of a strong rise in this stock. Brokerage says that this company in the wires business is now going to tie the strings of investors’ fortunes with profits again. Today, on December 15, the shares of Precision Wear India Limited closed at Rs 237.15 on NSE with a rise of half per cent.
Antique Broking says that Precision Wires India Limited is the largest winding wire manufacturing company in the country, whose client list includes many big giants and its business model is very strong. The brokerage says that the real reason behind the rise is the company’s aggressive expansion plan. The company is going to increase its capacity in Silvassa from 49,000 metric tons to 65,400 metric tons by financial year 2028. At the same time, the company is setting up a new greenfield copper recycling and refining plant in Jaroli. This capacity expansion can give a strong boost to the company’s earnings in future, the direct benefit of which will be visible in its share price.
Precision Wires India Ltd Share Target Price
Antique Stock Broking has taken a big bet by giving ‘BUY’ rating on Precision Wires India Limited share. The brokerage has given the target price of this share at Rs 304. This is about 30 percent more than the current price. At present it is trading below its 52 week high of Rs 277, which makes it even more attractive.
Turned Rs 1 lakh into Rs 11 lakh in five years
Even though it has fallen by 11 percent in the last one month, it is being considered as a ‘correction’, which makes it a good buying opportunity. This has changed the fortunes of investors in the long run. In the last 5 years, Precision Wires has given a whopping return of 1029 percent. That means the person who had invested Rs 1 lakh, his money became Rs 11 lakh. Even in two years it has made a profit of 89 percent. So far in the year 2025, this stock has given 39 percent return and 27 percent return in one year.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. StuffUnknownwill not be responsible for any profit or loss of yours.)
