Stock Radar: Multibagger in a year! Skipper stock hits fresh record high in December; time to buy?

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Short-to-medium-term traders can look to buy the stock for a target of Rs 746 in the next 1-2 months, suggested experts.

Synopsis

The stock surged from Rs 231 on December 8, 2023, to Rs 634 on December 10, 2024, marking a gain of over 170% in a year. Riding the momentum, it reached a record high of Rs 644 on December 11, 2024, rising over 10% in a week and more than 50% in the past three months. The strong rally indicates sustained bullish sentiment.

Skipper Ltd, a part of the heavy electrical equipment industry, hit a fresh record high in December and the chart pattern suggests that the rally is likely to continue.Short-to-medium-term traders can look to buy the stock for a target of Rs 746 in the next 1-2 months, suggested experts.The stock rose from Rs 231 recorded on December 8, 2023, to Rs 634 on December 10, 2024, which translates into an upside of over 170% in a year.Tracking the

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