Multibagger stocks are companies that have delivered returns of more than 100 Percent in determined time periods due to the excessive demand in the market for it.
These stocks are usually monitored as they have delivered good returns in the past and are anticipated that they’ll continue to grow and deliver excellent returns in the future.
Here are some of the stocks under Rs. 25 that delivered multibagger returns.
Syncom Formulations (India)
Syncom Formulations (India) Limited is a global pharmaceutical company engaged in the business of manufacturing and dealing in pharmaceutical drugs, formulations, and trading of commodities.
With a market capitalization of Rs. 1,273 Crores, the shares of Syncom Formulations (India) Limited hit a 5 percent upper circuit at Rs. 13.54.
It has delivered multibagger returns of 108 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.08 Lakh in a year.
Its revenue from operations grew by 10.38 percent from Rs. 57.38 Crores in Q3FY23 to Rs. 63.34 Crores in Q3FY24, accompanied by increasing profits of Rs. 4.15 Crores to Rs. 6.42 Crores.
Salasar Techno Engineering
Salasar Techno Engineering Limited is engaged in the business of manufacturing and sale of steel structures, telecom towers, solar panels, etc, and providing EPC services across railway, telecom, energy, and various other sectors.
With a market capitalization of Rs. 3,618 Crores, the shares of Salasar Techno Engineering Limited closed at Rs. 22.92, up 1.19 percent from its previous day’s close price of Rs. 22.65
It has delivered multibagger returns of 138 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.38 Lakh in a year.
Its revenue from operations grew by 26.14 percent from Rs. 241 Crores in Q3FY23 to Rs. 304 Crores in Q3FY24, accompanied by increasing profits of Rs. 11 Crores to Rs. 17 Crores.
Mishtann Foods
Mishtann Foods is an agricultural produce company engaged in the business of manufacturing, processing, and trading Agri commodities like rice, wheat, dal, rock salt, and many more.
With a market capitalization of Rs. 2,017 Crores, the shares of Mishtann Foods Limited closed at Rs. 20.17, up 3.12 percent from its previous day’s close price of Rs. 19.56.
It has delivered multibagger returns of 142 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.42 Lakh in a year.
Its standalone revenue from operations grew by 30.42 percent from Rs. 499 Crores in FY22 to Rs. 650 Crores in FY23, accompanied by increasing profits of Rs. 31 Crores to Rs. 50 Crores.
Written by: Bharath K.S
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