The stocks which deliver more than 100 percent return in a calendar year or even in a lesser timeframe fall under the multibagger category. These stocks are generally undervalued and have strong fundamentals, thus presenting themselves as great investment options.
Listed below are 3 stocks that have given multibagger returns of up to 115 percent in November:
63 Moon Technologies Ltd:
With a market capitalisation of Rs. 2,262 crores, the shares of the IT company started Friday’s trading session on a higher note at Rs. 515 compared to Rs. 492. The share hit a high of Rs. 516.60, gaining around 5 percent, also recorded as the company’s fresh 52-week high and closed its day at Rs. 515.60 apiece.
Looking at the company’s financial performance, the revenue increased by 38 percent from Rs. 115 crores in the June quarter to Rs. 159 crores during the September quarter. In addition, the net profit magnified by 113 percent from Rs. 37 crores to Rs. 79 crores during the same timeframe.
The stock delivered a multibagger return of 95 percent in November to its stakeholders. For example, if someone had invested Rs. 1 lakhs, then, the worth of those shares would be Rs. 1.95 lakhs now.
The company is exploring new areas of business as per the vision of providing a technology ecosystem to different business segments apart from the exchange-related business.
Swadeshi Polytex Ltd:
With a market capitalisation of Rs. 423 crores, the shares of the real estate company started Friday’s trading session on a higher note at Rs. 108 compared to Rs. 103.21. The share hit a 5 percent upper circuit at Rs. 108.35 apeice.
Looking at the company’s financial performance, the revenue zoomed by 700 percent from Rs. 5 crores in the June quarter to Rs. 40 crores during the September quarter. In addition, the net profit magnified by 725 percent from Rs. 4 crores to Rs. 33 crores during the same timeframe.
The stock delivered a multibagger return of 107 percent in November to its stakeholders. For example, if someone had invested Rs. 1 lakhs, then, the worth of those shares would be Rs. 2.7 lakhs now.
Presently, company is selling its real estates and is intending to use its funds to explore opportunities in growth areas and industries.
Alacrity Securities Ltd
With a market capitalisation of Rs. 66.6 crores, the shares of the stock broking company started Friday’s trading session on a higher note at Rs. 31.90, gaining around 5 percent, also recorded as the company’s fresh 52-week high and closed its day at Rs. 31.60 apiece.
Looking at the company’s financial performance, the revenue increased by 37 percent from Rs. 91 crores in the June quarter to Rs. 125 crores during the September quarter. In addition, the net profit magnified by 300 percent from Rs. 2 crores to Rs. 8 crores during the same timeframe.
The stock delivered a multibagger return of 115 percent in November to its stakeholders. For example, if someone had invested Rs. 1 lakhs, then, the worth of those shares would be Rs. 2.15 lakhs now.
Written By Vaibhav Patil
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