Multibagger Stocks are those stocks that have gained over 100 percent in their stock price. These stocks are generally inexpensive and have strong fundamentals, making them excellent investing opportunities.
Here are three multibagger small-cap stocks up to a return of 161% in One month
Jai Balaji Industries Ltd
Jai Balaji Industries belongs to the small-cap stock, with a market capitalization of Rs 3,420 crore. On Wednesday, shares closed at Rs 220.05, up 4.99 percent from the previous close price.
In the past month, the company’s share price increased from Rs 84 to current levels, giving multibagger returns of 161 percent. Therefore, if an investor purchased 1 lakh company shares in the previous year, their holdings would now be worth 2.61 lakhs!
Company’s Operating revenues significantly increased by 32 percent from Rs 4,643 crores during FY 21-22 to Rs 6,125 crores in FY 22-23. Net profit has significantly increased by 19 percent, from Rs 48 crores to Rs 57 crores.
Jai Balaji Industries Limited one of the largest manufacturers of steel in the private sector in Eastern India which is engaged in the manufacturing of Iron and Steel products.
Lloyds Steels Industries Ltd
Lloyds Steels Industries Ltd belongs to the small-cap stock, with a market capitalization of Rs 5,750 crore. On Wednesday, shares closed at Rs 53.30, down 0.84 percent from the previous close price.
In the past month, the company’s share price increased from Rs 26 to current levels, giving multibagger returns of 103 percent. Therefore, if an investor purchased 1 lakh company shares in the previous year, their holdings would now be worth 2.03 lakhs!
Lloyds Steels Industries reported a 126 percent increase in sales to Rs 113 crore in Q1FY24, compared to Rs 50 crore in the previous year’s equivalent quarter (Q1FY23), but its net profit increased by 20 percent to Rs 12 crore in Q1FY24, from Rs 10 crore in Q1FY23.
Lloyds Steels Industries and offers engineering goods and services. It designs mechanical, hydraulic, structural, and process plants, as well as plans, engineers, produces, fabricates, supplies, erects, and commissions them.
Premier Explosives Ltd
Premier Explosives Ltd belongs to the small-cap stock, with a market capitalization of Rs 1,113 crore. On Wednesday, shares closed at Rs 1,035.85, up 5 percent from the previous close price.
In the past month, the company’s share price increased from Rs 490.65 to current levels, giving multibagger returns of 111 percent. Therefore, if an investor purchased 1 lakh company shares in the previous year, their holdings would now be worth 2.11 lakhs!
Premier Explosives reported a 20 percent increase in sales to Rs 61 crore in Q1FY24, compared to Rs 51 crore in the previous year’s equivalent quarter (Q1FY23), but its net profit increased by 700 percent to Rs 8 crore in Q1FY24, from Rs 1 crore in Q1FY23.
Premier Explosives Limited manufactures explosives and detonating fuse using indigenous technology, and it also manufactures industrial explosives and detonators.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
