As 2023 passed by, the Indian Equity Markets observed a series of stocks, apart from the indices themselves, touching all-time high levels and delivering multibagger returns to their investors.
Listed below are five stocks that have witnessed the most stock price movement during the calendar year ended 2023 thereby aiding investors to build their wealth:
Power Finance Corporation Limited
With a market capitalization of Rs 1.28 lakh crores, the stocks of Power Finance Corporation (PFC) Limited, an infrastructure finance company assisting the Indian power sector, started their trading session on Tuesday at Rs 395.45 and currently trade at Rs 386.30, slipping around 2.20 percent as compared to the previous closing levels of Rs 395.05 apiece.
During the calendar year of 2023, the company’s stock moved from levels of Rs 120 at the inception to Rs 383 at the end of the year thereby delivering multibagger returns of 219 percent to its stakeholders.
With a market capitalization of Rs 50,776.83 crores, the stocks of Suzlon Energy Limited, manufacturing wind turbine generators and related components, started their trading session on Tuesday at Rs 38.62 and currently trade at Rs 37.40, slipping approximately 2.8 percent as compared to the previous closing levels of Rs 38.48 apiece.
During the calendar year of 2023, the company’s stock moved from levels of Rs 11 at the inception to Rs 39 at the end of the year thereby delivering multibagger returns of 255 percent to its stakeholders.
With a market capitalization of Rs 1.09 lakh crores, the stocks of REC Limited, financing projects in the power sector, started their trading session on Tuesday at Rs 425.65 and currently trade at Rs 414.60, slipping approximately 2.30 percent as compared to the previous closing levels of Rs 424.40 apiece.
During the calendar year of 2023, the company’s stock moved from levels of Rs 120 at the inception to Rs 427 at the end of the year thereby delivering multibagger returns of 256 percent to its stakeholders.
With a market capitalization of Rs 13,773.41 crores, the stocks of Jindal Saw Limited, a leading manufacturer and supplier of Iron and steel pipes & pellets, started their trading session on Tuesday at Rs 426.50 and currently trade at Rs 430.75, gaining approximately 2 percent as compared to the previous closing levels of Rs 422 apiece.
During the calendar year of 2023, the company’s stock moved from levels of Rs 110 at the inception to Rs 420 at the end of the year thereby delivering multibagger returns of 282 percent to its stakeholders.
With a market capitalization of Rs 30,017.67 crores, the stocks of BSE Limited, facilitating a market for trading in equity, currencies, debt instruments, etc, started their trading session on Tuesday at Rs 2,214.20 and currently trade at Rs 2,217.35, gaining approximately 0.70 percent as compared to the previous closing levels of Rs 2,203.05 apiece.
During the calendar year of 2023, the company’s stock moved from levels of Rs 556 at the inception to Rs 2,205 at the end of the year thereby delivering multibagger returns of 297 percent to its stakeholders.
Written by Amit Madnani
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