The Indian Stock Market indexes, Nifty and Sensex, have given around 9-9.5% in the last one year till March’22 and majorly crashed in the last one month due to the ongoing Russian-Ukraine war and global selloff heat. Despite the crash and correction, there are some steller midcap stocks in the Indian equity market that have more than tripled the returns in less than a year.
We list out 8 such midcap stocks that turned out to be multi-bagger stocks in the last one year.
Brightcom Group
Brightcom Group is an IT Software Industry stock with a market cap of Rs 12,848 Cr. The stock has given a return of 1,323% in the last year. It was hovering at around Rs 7.60 in Mar’21 and currently trading at Rs 108.20. Brightcom group has a TTM PE of 15.50.
Tata Teleservices
A subsidiary of Tata Group, Tata Teleservices company is an Indian broadband, telecommunications and cloud service provider based in Mumbai. It has a market cap of Rs 21,083 Cr and has given a return of 641% in the last year. The stock was trading at a price of Rs 14.60 one year back and currently trading at Rs 108.10 with a PE of 262.
Tata teleservices has a 52-week high of Rs 290.15 and tanked over 34% in the last one month.
KPIT Technologies
An IT software stock, KPIT Technologies has a market cap of Rs 15,545 Cr and has given a return of 306% in the last one year. The stock is currently trading at Rs 570 with a TTM PE of 62.21.
Angel One
One of the largest stockbrokers in India with over 70 lakh clients, Angel one is a finance stockbroking stock with a market cap of Rs 10,788 Cr. It has given a return of 295.17% in the last year. The stock is currently trading at Rs 1,302.05 with a PE of 20.67. Angel one has a 52-week high of Rs 1,527.
BSE Ltd
BSE Limited, also known as the Bombay Stock Exchange, is an Indian stock exchange company established in 1875 and located on Dalal Street in Mumbai. The stock has a market cap of Rs 9,421 Cr and has given a return of 249.50% in the last one year.
BSE was trading at Rs 599 in Mar’21 and currently hovering at Rs 2,094 with a TTM PE of 44.35.
Saregama Ltd
This is another midcap multi-bagger stock operating in the Film Production, Distribution & Entertainment sector. The stock has a market cap of Rs 8,342 Cr and has given a return of 254.47% in the last one year.
Saregama traded at Rs 1,212 in Mar’21 and is currently hovering at Rs 4,299.55 with a TTM PE of 59. It touched a 52-week high of Rs 5,505.
KPR Mill
It is a textile multi-bagger stock with a market cap of Rs 21,723 Cr. The KPR Mill stock has given a return of 228.45% in the last one year. KPR Mill was trading at around Rs 193 in Mar’21 and currently hovering at Rs 634.90 with a TTM PE of 26.27.
Shree Renuka Sugar
Shree Renuka is India’s largest sugar refiner and ethanol producer based in Mumbai with a market cap of Rs 7,268 Cr. This stock has given a return of 219.16% in the last one year. The stock is currently trading at Rs 34.10 with a 52–week high of Rs 47.75.
