A good number of stocks have given multibagger returns in the past two years. This happened mainly after the share prices of companies plunged during the pandemic and rose exorbitantly during the rally in 2021. However, here are a few stocks that have astonished many investors by giving multibagger returns in just one month:
PC Jeweller Ltd
The jeweller’s shares gave multibagger returns of 129.02% in the past month. In fact, the shares are currently locked at a 5% upper circuit. The company clarified to the exchanges that it currently does not have any information that may have a bearing on the price of the scrip and requires disclosure.
PC Jeweller is engaged in the business of manufacturing, selling and trading gold and diamond studded jewellery, apart from silver articles. Currently, it has a market capitalization of ₹2432 crores. If an investor had invested ₹ 1,00,000 in the company’s shares a month ago, the value of their holdings would have been ₹ 2,29,020 today.
Galactico Corporate Services Ltd.
The shares of the merchant banker surged 117.09% in the past month to give multibagger returns. They are currently at an all-time high of ₹ 64.80. In the past year, the shares have given multibagger returns of ₹ 1954.63%! The company has a market capitalization of 944 crores.
Galactico Corporate Services Ltd. is a SEBI registered (Category-I) Merchant Banker and it provides Investment Banking, Transaction Advisory, Valuation, and Business Modelling services. If an investor had invested ₹ 1,00,000 in the company’s shares a month ago, the value of their holdings would have been ₹ 2,17,090.
Spacenet Enterprises India Ltd.
This online marketing services company owns and manages global content distribution platforms, internet properties, and advertising networks. Its shares are currently locked at their all-time high of ₹ 6.65.
Their share price has risen from ₹ 2.60 apiece to ₹ 6.65, giving multibagger returns of 155.77% in the past month. It has a market capitalization of ₹ 337 crores. If an investor had invested ₹ 1,00,000 in the company’s shares a month ago, the value of their holdings would have been ₹ 2,55,770 today!
Integra Essentia Ltd.
The shares of the garments and textiles company climbed 140.54% in the past month. If an investor had invested ₹ 1,00,000 in the company’s shares a month ago, the value of their holdings would have been ₹ 2,40,540 today! The company has a market capitalization of ₹ 164 crores and its shares are trading at ₹ 4.45 apiece.
Shri Gang Industries And Allied Products Ltd.
The edible oil manufacturer gave multibagger returns of a whopping 191.10% in the past month. If an investor had invested ₹ 1,00,000 in the company’s shares a month ago, the value of their holdings would have been ₹ 2,91,100 today! It has a market capitalization of ₹52 crores and its shares are locked at a 5% upper circuit of ₹ 68.35 apiece.
Written by: Simran Bafna
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
