Along with the company results flowing, the holdings of various financial institutions have also been released by companies for the second quarter of FY23-24.
Listed below are two multibagger stocks in which Mutual Funds bought a stake of up to 5.09 percent in Q2FY24, i.e., in the September 2023 quarter:
Electronics Mart India Limited
With a market capitalization of Rs 7,387.18 crores, the stocks of Electronics Mart India Limited, one of the largest consumer durable and electronics retailers in India, opened their trading hour on Friday at Rs 185.05 and currently trades at Rs 192, gaining around 2.50 percent compared to the previous closing levels of Rs 187.30 apiece.
Keeping a purview of six months, the company’s stock has delivered multibagger returns of around 168 percent, i.e., if someone had invested Rs 1 lakh in the stock six months ago, it would have converted to Rs 2.68 lakhs.
Having a glance at the latest shareholding pattern data of the company, the Mutual Funds have increased their stake in the company by 4.55 percent, i.e., from 9.88 percent during the June 2023 quarter to 14.43 percent during the September 2023 quarter.
PG Electroplast Limited
With a market capitalization of Rs 5,317.23 crores, the stocks of PG Electroplast Limited, a diversified electronic manufacturing services provider, opened their trading hour on Friday at Rs 2,066.85 and currently trades at Rs 2,043.15, slipping around 0.70 percent compared to the previous closing levels of Rs 2,056.90 apiece.
Keeping a purview of one year, the company’s stock has delivered multibagger returns of around 107 percent, i.e., if someone had invested Rs 1 lakh in the stock a year ago, it would have converted to Rs 2.07 lakhs.
Having a glance at the latest shareholding pattern data of the company, the Mutual Funds have bought a fresh stake of 5.09 percent in the company during the quarter ended September 2023.
Written by Amit Madnani
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