Multibagger Stocks: Add These Stocks to Your Watch List

Multibagger Stocks

Investing in the stock market can yield quick returns, but it also carries a high level of risk, with the potential to lose one’s entire capital.

Certain stocks have demonstrated the ability to double investors’ money almost instantly. Here, we will discuss five such stocks that have delivered over 100% returns in the current financial year of 2023-24, within just two and a half months.

These stocks span across various sectors. It is advisable to review whether any of these stocks are present in your portfolio.

The company specializes in producing engineering plastics for industries such as white goods (including ACs, dishwashers, drying cabinets, freezers, kitchen stoves, and water heaters), automotive, and electrical appliances.

Regarding its shares, it concluded today’s trading session at Rs 164.55 on BSE-SME, experiencing a decline of 1.70 percent. However, it has exhibited remarkable growth of over 108 percent within a span of two and a half months.

This particular company specializes in providing businesses with a comprehensive platform for digital transformation.

Remarkably, it has generated substantial returns within a short period of two and a half months. In fact, during today’s trading session, the company’s shares reached the upper circuit, closing at Rs 953.55 on NSE and experiencing a significant gain of 5 percent.

Looking at its performance in the current financial year, it has achieved an impressive growth of approximately 210 percent. This outstanding performance implies that investors’ capital has more than tripled in value.

In the current financial year, the shares of Peninsula Land, a prominent player in the real estate sector, have exhibited remarkable growth.

Starting from Rs 11.95, the shares have surged to Rs 24 today, resulting in an impressive increase of approximately 101 percent in investors’ capital.

Despite a slight decline of 4.38 percent, the stock closed at Rs 24 on the NSE. It is worth noting that Peninsula Land is currently in the second stage of the Grade Surveillance Measure (GSM) implemented by the exchanges, indicating the increased market scrutiny placed on the stock.

This company specializes in the production and refilling of gas used in refrigerators. In the current financial year, its shares have delivered significant returns of approximately 119 percent within a span of two and a half months.

Despite a marginal decline of 0.15 percent, the stock closed at Rs 519.65 on the NSE today. It is worth noting that the exchanges are closely monitoring the stock’s movements, as it is currently in the first stage of the long-term ASM (Additional Surveillance Measure) framework.

This increased monitoring underscores the importance placed on maintaining market integrity and investor protection in relation to the company’s stock.

Datamatics is a renowned company that specializes in offering a wide range of services, including consulting, IT solutions, data management, and business process management.

In the current financial year, the company has achieved remarkable growth, with its shares gaining nearly 104 percent.

However, during today’s trading session, the shares experienced a decline of 1.76 percent and closed at Rs 578.30 on the NSE.

Despite this temporary setback, the overall performance of Datamatics indicates a significant increase in shareholder value, demonstrating the company’s strong potential in the market.

The shares of this well-established non-banking financial company (NBFC) have witnessed impressive growth of approximately 111 percent within a span of two and a half months.

This significant increase in value reflects the positive performance of the company in the market during this financial year.

However, today’s trading session resulted in the shares closing at the lower circuit of Rs 89.90 on the BSE, indicating a decline of 4.97 percent. It is worth noting that the stock had achieved a record high of Rs 165 on May 30, highlighting its upward momentum at that time.

While experiencing a temporary setback, the overall trend suggests the potential for continued growth and profitability for the NBFC in the market.

Disclaimer: The information presented here is derived from the performance of stocks. It is crucial to note that investing in the market entails inherent risks. It is always advisable to seek expert guidance and advice before making any investment decisions. As an investor, it is essential to exercise caution and conduct thorough research. We do not provide recommendations or advise individuals to invest their money in any specific market.