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.
The Goldman Sachs Group, Inc. is a leading financial organization that offers a wide range of financial services to a diverse client base of businesses, financial institutions, governments, and individuals.
According to the most recent corporate shareholdings filing, Goldman Sachs India Limited openly holds 34 stocks worth about Rs. 3,698.2 Cr.
Here are three Multibagger stocks in Goldman Sachs India’s Portfolio
Newgen Software Technologies Ltd
Newgen Software Technologies is a global software company that develops software products, including designing and delivering end-to-end software solutions.
Newgen Software Technologies Ltd is a small-cap company with a market capitalization of Rs 8,337 crore. The company’s shares were trading at Rs 1,188 apiece, down 1.80 percent on Monday.
In the past year, the company’s share price increased from Rs 359 to current levels, giving multibagger returns of 214 percent. As a result, if an investor bought 1 lakh company shares in the previous year, their shares are now worth 3.14 lakhs!
As of Q2FY24, Goldman Sachs India Limited holds a 3.15 percent stake in the company out of the 15.92 percent stake held by Foreign Institutional Investors in the company.
In the recent financial year, the company reported a net profit margin of 18.09 percent and an operating margin of 22.74 percent.
Zensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company that specializes in providing end-to-end services from IT development to Business Process Outsourcing, from consulting to implementation.
Zensar Technologies is a small-cap company with a market capitalization of Rs 10,979 crore. The company’s shares were trading at Rs 480.50 a share, up 0.50 percent on Monday.
The company’s share price climbed from Rs 221.75 to current values during the last year, yielding 134 percent multibagger gains. As a result, if an investor bought 1 lakh firm shares the previous year, the shares are now worth 2.34 lakhs!
As of Q2FY24, Goldman Sachs India Limited holds a 1.59 percent stake in the company out of the 16.66 percent stake held by Foreign Institutional Investors in the company.
In the recent financial year, the company reported a net profit margin of 6.75 percent and an operating margin of 9.73 percent.
Gravita India Ltd.
Gravita India Ltd is engaged in the main business of Lead Recycling, Aluminum Recycling, Plastic recycling, and Turnkey projects.
Gravita India Ltd is a small-cap company with a market capitalization of Rs 6,789 crore. The company’s shares were trading at Rs 984.70 a share, down 0.22 percent on Monday.
In the past year, the company’s share price increased from Rs 373.35 to current levels, giving multibagger returns of 168 percent. As a result, if an investor bought 1 lakh company shares in the previous year, their shares are now worth 2.68 lakhs!
As of Q2FY24, Goldman Sachs India Limited holds a 1.58 percent stake in the company out of the 9.32 percent stake held by Foreign Institutional Investors in the company.
In the recent financial year, the company reported a net profit margin of 7.28 percent and an operating margin of 9.52 percent.
Written By Omkar Chitnis
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