150% Gain YTD: LIC-Backed Multibagger Stock Reaches All-Time High; Do You Own?

IItl was established in the year 1933 as an investment company for people in need.
This is a company which has seen both the pre-independence and post-independence days.
The motive of this company is to provide trust to common people regarding the investment strategies and study of shares to make investments and from the money provided they can get their share of trust as well as profit.

Today the share price has reached an all-time high 18.67% up making the share price Rs.209.45. In the last 1 year, the stock has given a multibagger return of 156.22% and on a YTD basis, it has rallied 150% so far in 2023. The scrip reached a 52-week-high of Rs 211.80 on (06/11/2023) and a 52-week-low of Rs 68.05 on (08/05/2023), indicating that the stock was seen closing 207.78% higher from its 1-year low at it's today's closing price.

If an investor had thought of investing in this company at the early stage that is when the price of each share was Rs.84 then by investing Rs.1 lakh he/she could have gotten themselves total of 1,190 shares and the worth of those shares would be Rs. 2,49,245 in today's market the profit from this will be least expected by the beginner investor. Did you invest in it?

Due to the company's decades of trust in the market and constant contribution in India's development in the finance sector has now drawn a non-erasable line of confidence in the heart of investors regarding the company. The company's revenue increased by 977.54% on a QoQ basis which is the highest growth rate over the past three years, it can also be a hint of the company's plans for further development and better opportunity for investors.

With a market capacity of Rs.469.89 crores, the company has shown amazing returns of 101.16% in just three months. The company has clearly shown potential as an investment choice for the investor but the question still lies in whether it can be invested as a short-term plan or you can consider it for a long-term plan.

Experienced traders can generate their profit from this share in a short period of time but it will be wise for the newcomers in the field to take their time and invest for the long term according to your own estimation of profit.

In Q2FY24, the promoters held 57.97% of the company's shares, followed by FIIs with 3.72%, DIIs with 1.90%, the government with 0.30%, and the public with 36.10%. According to Industrial Investment Trust's shareholding pattern for the July-September 2023 quarter, the insurance behemoth LIC owned 2,54,716 shares, or 1.57% fully paid-up equity stake in the company.