Stocks with solid fundamentals and a low price make for excellent investment opportunities. Stocks that have experienced significant growth are known for their robust corporate governance and their ability to scale quickly.
Over the last six months, Nifty50 has demonstrated a consistent 11% increase. India has consistently been one of the world’s top-performing markets.
Here are the 3 stocks that gave multi-bagger returns of up to 629.06 percent in six months.
Premier Explosives Ltd
Premier Explosives Limited is a company that produces detonators and industrial explosives. Additionally, it provides solid propellant plant operation and maintenance (O&M) services.
With a market capitalization of Rs 1,565.58 Crores. Premier Explosives Ltd, On Tuesday, The shares were trading at Rs 1,456.05 a share, an increase of 1.93 percent from the previous closing price.
The stock gave a 225.45 percent return in six months and a 228.53 percent return in, a year. If an investor invests Rs 1 lakh in the company would be worth Rs 3.25 Lakhs in a year.
Looking into the company’s performance, Premier Explosives Ltd’s revenue increased by 28 percent from Rs 61 Crore in Q2FY23 to Rs 78 Crore in Q2FY24. During the same period, net profit increased by 300 percent from Rs 3 crore to Rs 212 Crore.
BSE Ltd
The Indian stock exchange Bombay Stock Exchange (BSE Ltd.) is situated on Mumbai’s Dalal Street. The Company operates a market that allows trading in mutual funds, equity, derivatives, currencies, and debt instruments.
With a market capitalization of Rs 33,695.8 Crores. BSE Ltd, On Tuesday, The shares were trading at Rs 2,489.05 a share, a decrease of 0.91 percent from the previous closing price.
The stock gave a 336 percent return in six months and a 341 percent return in, a year. If an investor invests Rs 1 lakh in the company would be worth Rs 4.36 Lakhs in a year.
Looking into the company’s performance, Premier Explosives Ltd’s revenue increased by 54 percent from Rs 234 Crore in Q2FY23 to Rs 362 Crore in Q2FY24. During the same period, net profit increased by 306 percent from Rs 29 crore to Rs 118 Crore
Jai Balaji Industries Ltd
Jai Balaji Industries Limited is a company that produces iron and steel products, such as ferroalloys, reinforcement steel TMT bars, pig iron, DRI (sponge iron), and alloy and mild steel billets.
With a market capitalization of Rs 9,514.70 Crores. Jai Balaji Industries Ltd, On Tuesday, The shares were trading at Rs 593.00 a share, a decrease of 0.17 percent from the previous closing price.
The stock gave a 629.06 percent return in six months and a 1,311.20 percent return in, a year. If an investor invests Rs 1 lakh in the company would be worth Rs 7.29 Lakhs in a year.
Looking into the company’s performance, Jai Balaji Industries Ltd’s revenue increased by 13 percent from Rs 1,369 Crore in Q2FY23 to Rs 1,547 Crore in Q2FY24. During the same period, net profit increased by 261 percent from Rs 21 crore to Rs 202 Crore.
Written by:- Abhishek Singh
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