Mukul Mahavir Agarwal added this multibagger stock to his portfolio in Q4 which rallied over 120% YTD

During Q4FY23, renowned investor Mukul Mahavir Agarwal added WPIL stock to his portfolio, which grew by nearly 120% YTD. As per the data available on BSE, Mukul Mahavir Agarwal bought 1,13,000 shares or 1.16% stake in WPIL. Mukul Mahavir Agarwal publicly owns 1 stocks with a net value of more than Rs. 35.0 Cr., according to corporate shareholdings disclosed for March 31, 2023.

On Thursday, the shares of WPIL Ltd closed on the BSE at ₹2642.70 apiece level, down by 0.97% from the previous close of ₹2668.70. The stock recorded a net traded volume of 16,035 shares and a deliverable volume of 9,248 shares. The stock has produced a multibagger return of over 680% over the past three years and over 348.26% over the past five years. The stock has produced a multibagger return of 184.59% over the last year, and on a year-to-date basis, it has gone up from ₹1,184.55 per share to the current market price, representing a multibagger return of 123.10% so far in 2023.

The scrip touched a 52-week-high of ₹2,790.00 on (12/04/2023) and a 52-week-low of ₹863.25 on (25/04/2022), indicating that at the current market price, the stock is trading 206.13% above the 1 year low and 5.27% below the recent 1 year high. During Q4FY23, WPIL recorded a promoter shareholding of 70.79%, FIIs stake of 5.82%, DIIs stake of 3.65% and a public stake of 19.73%.

Commenting on the technical outlook of the stock A R Ramachandran, Co-founder & Trainer-Tips2trades said “Even though fundamentals are very good, WPIL stock price has become overvalued both fundamentally and technically with strong resistance at ₹2790 on the Daily charts. Investors should book profits at current levels as a fall till support of ₹2040 looks likely.”