Even though the Indian equity markets faced the heat during the past couple of weeks, there are a lot of stocks that delivered multibagger returns to their shareholders.
Listed below are three multibagger stocks under the ‘mid-cap’ category trading under Rs 350 that one should add to their watchlist:
SJVN Limited
With a market capitalization of Rs 29,351.64 crores, the stocks of SJVN Limited, engaged in the business of electricity generation, closed at Rs 74.69 on Thursday, slipping around 2.80 percent as compared to the previous close of Rs 76.86 apiece.
Year-to-date, the company’s stock has delivered multibagger returns of approximately 112 percent, i.e., if someone had invested Rs 1 lakh into the stock during the start of this calendar year, it would have converted to Rs 2.12 lakhs.
During the recent financial years, the company successfully reported an increase in operating revenues as well as net profits with the former moving up from Rs 2,417 crores during FY21-22 to Rs 2,938.35 crores during FY22-23, and, the latter, during the same period, rising from Rs 989.8 crores to Rs 1,359.3 crores.
Rail Vikas Nigam Limited
With a market capitalization of Rs 33,464.57 crores, the stocks of Rail Vikas Nigam Limited, engaged in the business of implementing various types of Rail infrastructure projects, closed at Rs 160.50 on Thursday, slipping 0.80 percent as compared to the same previous closing levels of Rs 161.85.
Year-to-date, the company’s stock has delivered multibagger returns of approximately 134 percent, i.e., if someone had invested Rs 1 lakh into the stock during the start of this calendar year, it would have converted to Rs 2.34 lakhs.
During the recent financial years, the company successfully reported an increase in operating revenues as well as net profits with the former moving up from Rs 19,381.71 crores during FY21-22 to Rs 20,281.57 crores during FY22-23, and, the latter, during the same period, rising from Rs 1,110.14 crores to Rs 1,420.55 crores.
Kalyan Jewellers India Limited
With a market capitalization of Rs 34,650.98 crores, the stocks of Kalyan Jewellers India Limited, manufacturing and selling a range of gold, studded, and other jewellery products, closed at Rs 336.40 on Thursday, slipping around 3.30 percent as compared to the previous close of Rs 348 apiece.
In the past year, the company’s stock has delivered multibagger returns of approximately 218 percent, i.e., if someone had invested Rs 1 lakh into the stock a year ago, it would have converted to Rs 3.18 lakhs.
During the recent financial years, the company successfully reported an increase in operating revenues as well as net profits with the former moving up from Rs 10,817.93 crores during FY21-22 to Rs 14,071.45 crores during FY22-23, and, the latter, during the same period, rising from Rs 224.03 crores to Rs 431.93 crores.
Written by Amit Madnani
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