Multibaggers are such stocks which deliver returns in multiples of their expenditures. These stocks are generally inexpensive and have strong fundamentals, making them excellent investing opportunities.
The stocks listed below have strong fundamentals and have achieved multibagger returns in a single year.
Here are three multibagger stocks with up to 1395% returns that are priced under Rs 100
Apollo Micro Systems Ltd
Apollo Micro Systems is a pioneer in the design, development, manufacturing, and testing of electrical and electromechanical solutions for customers in the Aerospace, Defense, and Space industries.
On Friday, shares of Apollo Micro Systems Ltd were trading at Rs 54.80, down 1.09 percent from the previous close price, with a market value of Rs 1,261 crores.
In the previous year, the company’s share price has risen from Rs 14.14 to current levels, giving multibagger returns of 284%. As a result, if an investor purchased 1 lakh shares of a company in the previous year, their holdings are now worth 3.84 lakhs!
Company’s revenue increased by 22 percent year on year, ranging from Rs 243 crore in FY 21-22 to Rs 297 crore in FY 22-23. Net profit grew by 28 percent, from Rs 14 crore to Rs 18 crore.
Servotech Power Systems Ltd
Servotech Power Systems manufactures LED lighting solutions, UPS systems, inverters, and batteries.
Servotech Power Systems shares were trading at Rs 90.90 on Friday, up 5 percent from the previous close price,with a market capitalization of Rs 966 crores.
The company’s share price has climbed from Rs 6.08 to current levels in the last year, yielding multibagger returns of 1395%. As a result, if an investor bought 1 lakh company shares the previous year, their holdings are now worth 14.95 lakhs!
Servotech Power Systems reported a 155 percent increase in sales to Rs 79 crore in Q1FY24, compared to Rs 31 crore in the previous year’s equivalent quarter (Q1FY23),and its net profit increased by 900 percent to Rs 4 crore in Q1FY24, from Rs 0.4 crore in Q1FY23.
UCO Bank
UCO Bank,formerly United Commercial Bank, is an Indian public sector bank that offers a variety of banking and financial services such as retail banking, corporate banking, and treasury operations.
On Friday, UCO Bank shares were trading at Rs 28.70, a 2.05 percent decrease from the previous close price, with a market capitalisation of Rs 34,313 crores.
In the previous year, the bank’s share price has risen from Rs 11.30 to current levels, giving multibagger returns of 154%. As a result, if an investor purchased 1 lakh shares of a business in the previous year, their assets are now worth 2.54 lakhs!
Bank interest income increased by 18 percent year on year, from Rs 14,981 crore in FY 21-22 to Rs 17,650 crore in FY 22-23. Net profit climbed by 100 percent, from Rs 930 crore to Rs 1,862 crore.
Written by Omkar Chitnis
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