Returns on investment, a critical metric in finance, quantify the profitability of an investment over a specified period. It gauges the performance, measures gains or losses, and aids investors in evaluating the effectiveness of their capital deployment, crucial for informed decision-making and portfolio management.
Multibagger returns, a term often used in investment, signify an exceptional increase in the value of an investment, delivering multiple times the initial capital. These investments, characterized by substantial gains, often result from successful stock picks or strategic investment decisions, generating significant wealth for investors.
Indian Renewable Energy Dev Agency Ltd
The Indian Renewable Energy Development Agency (IREDA) is a Mini Ratna (Category – I) government enterprise that promotes, develops, and provides financial support for new and renewable energy (RE) projects, as well as energy efficiency and conservation programs.
With a market capitalization of Rs 41,337.82 crore, the shares were trading at 153.80 per share, decreasing around 0.74 as compared to the previous closing price.
The stock gave a multi-bagger return of 145 percent return in 3 months. If an investor invests Rs 1 lakh in the company, he would receive a return of Rs 2.45 lakh in three months.
The company’s revenue stood at Rs 1,253 crore in Q3FY24, during the same time frame, net profit stood at Rs 336 crore.
Trident Techlabs Ltd
Trident Techlabs Limited offers technology-based solutions for the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries.
With a market capitalization of Rs 462 crore, the shares were trading at 267.50 per share, increasing around 5 as compared to the previous closing price.
The stock gave a multi-bagger return of 159 percent return in 2 months. If an investor invests Rs 1 lakh in the company, he would receive a return of Rs 2.59 lakh in two months.
The company’s revenue stood at Rs 67.35 crore in FY22-23, during the same time frame, net profit stood at Rs 5.55 crore.
Karnika Industries Ltd
Karnika Industries leading garments manufacturer and exporter in India. The company has a diverse range of products, exceptional craftsmanship, and a customer-centric approach.
With a market capitalization of Rs 300 crore, the shares were trading at 242.10 per share, increasing around 5 as compared to the previous closing price.
The stock gave a multi-bagger return of 184 percent return in 3 months. If an investor invests Rs 1 lakh in the company, he would receive a return of Rs 2.84 lakh in three months.
The company’s revenue stood at Rs 64 crore in Q2FY24, during the same time frame, net profit stood at Rs 5 crore.
Written by:- Abhishek Singh
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