6 expensive stocks which gave stellar returns over the last 3 years

6 expensive stocks which gave stellar returns over the last 3 years

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6 expensive stocks which gave stellar returns over the last 3 years

Investors fight shy of expensive stocks for fear they might, over time, only trend down. Hence, they look to buy stocks which are trading at a lower price. While this may be the rule of thumb, there are, however, scrips which have given handsome returns to investors who risked investing in them at a higher price.

Moneycontrol carried out a study to unearth stocks whose returns were two-fold over a three-year period. For this purpose, we considered stocks which were trading above Rs 6,000 in 2014. We ended up with 6 stocks, all of which gave double the returns.

Rasoi, for example, rose by 532 percent in the period under question. Others include Eicher Motors, Bosch, MRF, Shree Cement and Page Industries.

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In two stocks – MRF and Shree Cements – foreign institutional investors (FIIs) have continued to increase their holdings.

 

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[“Source-moneycontrol”]