Based on the calculation by the Association of Mutual Funds in India (AMFI), large-cap stocks are those stocks that have a six-month average market capitalization of more than ₹ 48900 crores.
These are the top 100 companies in terms of the highest market capitalization. Many investors prefer investing in large-cap stocks, as they are relatively safer as compared to mid-cap and small-cap stocks.
Here are two multibagger large-cap stocks that reduced their debt by more than 90%:
Hindustan Aeronautics Ltd:
Hindustan Aeronautics is engaged in the business of manufacturing, repair, and maintenance of aircraft and helicopters.
With a market capitalization of ₹ 1,23,978 crores, it is a large-cap stock. Hindustan Aeronautics has a high return on equity of 27.18%. The company has reduced its debt by 99.48% to ₹ 30.60 crores currently, as compared to ₹ 5,926.97 crores three years ago.
In the past three years, the company’s share price increased from ₹ 6.50 apiece to the current level of ₹ 378.75 apiece giving multibagger returns of 5727%. Thus an investment of ₹ 1 lakh in the company’s shares a year ago, would be worth ₹ 58.27 lakhs today!
CG Power & Industrial Solutions Ltd:
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy.
With a market capitalization of ₹ 57,774 crores, it is a large-cap stock. CG Power & Industrial Solutions has a high return on equity of 56.99%. The company has reduced its debt by 99.40% to ₹ 16.43 crores currently, as compared to ₹ 2,757.03 crores three years ago.
In the past three years, the company’s share price increased from ₹ 6.50 apiece to the current level of ₹ 378.75 apiece giving multibagger returns of 5727%. Thus an investment of ₹ 1 lakh in the company’s shares a year ago, would be worth ₹ 58.27 lakhs today!
Written By Simran Bafna
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