December 18, 2023
Stocks

Zuari Industries stock has yielded returns exceeding 300% in the past four years

Zuari Industries, the holding company of the Adventz Group, witnessed a 4.8% surge in its shares during today's trading session, marking a new 52-week high. Over the past four weeks, the stock has recorded a substantial gain of 40.36%. Notably, it has soared by 101.4% from its March 2023 low of ₹104 per share to the current market price of ₹209.55. In a more extensive timeframe, Zuari Industries has delivered an impressive return of 319% over the past four years, rising from ₹50 per share to its present valuation. Despite this commendable performance, the stock still trades at a level 76.66% below its all-time high of ₹898 per share achieved in 2010. Analysts at Arihant Capital Markets anticipate a potential climb toward these historical levels.

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