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. Here are some of the stocks that delivered multibagger returns in one month.
Kesar India
Kesar India Limited is primarily engaged in the business of real estate development and constructing residential and commercial projects, factory buildings, industrial buildings, and many more.
It has delivered multibagger returns of 129 percent in the last month, an investment of Rs. 1 lakh in the company would be worth Rs. 2.29 lakh in one month.
With a market capitalization of Rs. 1,317 Crores, the shares of Kesar India Limited hit a 5 percent upper circuit at Rs. 3,731.70.
Its revenue from operations grew by 81 percent from Rs. 8.41 Crores in FY22 to Rs. 15.19 Crores in FY23, accompanied by profits of Rs. 3.63 Crores to Rs. 0.78 Crores.
Jubilant Industries
Jubilant Industries Limited is engaged in the business of Manufacturing and supplying of Agricultural Products and Performance Polymers like wood adhesives, wood finishes, specialty polymers, and many more.
With a market capitalization of Rs. 2,040 Crores, the shares of Jubilant Industries Limited hit a 5 percent upper circuit at Rs. 1,353.35.
It has delivered multibagger returns of 112 percent in the last month, an investment of Rs. 1 lakh in the company would be worth Rs. 2.12 lakh in one month.
Its revenue from operations grew by 26.13 percent from Rs. 1,159 Crores in FY22 to Rs. 1,462 Crores in FY23, accompanied by profits of Rs. 54 Crores to Rs. 62 Crores.
ASM Technologies
ASM Technologies Limited is engaged in the business of providing consulting services in the areas of engineering services, products engineering services and product research & development.
With a market capitalization of Rs. 1,112 Crores, the shares of Asm Technologies Limited hit a 5 percent upper circuit at Rs. 1,014.
It has delivered multibagger returns of 106 percent in the last month, an investment of Rs. 1 lakh in the company would be worth Rs. 2.06 lakh in one month.
Its revenue from operations grew by 14.99 percent from Rs. 192 Crores in FY22 to Rs. 220 Crores in FY23, accompanied by profits of Rs. 14 Crores to Rs. 7 Crores.
Written by: Bharath K.S
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