Multibagger returns signify exceptional gains in investment, where the asset’s value multiplies manifold. Achieving multi-bagger status often requires astute investment choices, strategic timing, and a comprehensive understanding of market dynamics.
Investors seek these extraordinary returns, anticipating significant wealth accumulation resulting from successful investments in stocks or other financial instruments.
The State Bank of India (SBI) stands as India’s largest public sector bank, playing a pivotal role in the nation’s financial landscape. With a rich history dating back to 1806, SBI serves as a cornerstone in banking, offering a comprehensive range of financial services and contributing significantly to India’s economic development.
Here are the multi-bagger stocks held by SBI;
Torrent Power Ltd
Torrent Power Ltd is a prominent integrated power utility company in India that produces, transports, and distributes electricity. Its activities cover Gujarat, Maharashtra, Uttar Pradesh, and Karnataka.
With a market capitalization of Rs 56,426.81 crore, the shares were trading at Rs 1169.15 per share, increasing around 0.55 percent as compared to the previous closing price.
State Bank of India holds 2,89,81,488 equity shares which is equivalent to 6.03 percent of the company as of December 2023.
Over the previous six months, it has returned 60.52 percent, with a multi-bagger return of 117.56 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm will be Rs. 2.17 lakh in a year.
The company’s revenue stood at Rs 6,366 crore in Q3FY24, during the same time frame, net profit stood at Rs 374 crore.
Multi Commodity Exchange of India Ltd
Multi Commodity Exchange of India Limited is India’s first publicly traded exchange. It is a commodity derivatives exchange that enables online trading of commodity derivatives contracts, consequently serving as a platform for price discovery and risk management.
With a market capitalization of Rs 17,953.98 crore, the shares were trading at Rs 3,520.50 per share, decreasing around 0.24 percent as compared to the previous closing price.
State Bank of India holds 6,46,665 equity shares which is equivalent to 1.27 percent of the company as of December 2023.
Over the previous six months, it has given a multi-bagger return of 103.87 percent and 137.53 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm will be Rs. 2.37 lakh in a year.
The company’s revenue stood at Rs 191.53 crore in Q3FY24, during the same time frame, net profit stood at Rs (5.35) crore.
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management manages mutual funds, including exchange-traded funds (ETFs); managed accounts, such as portfolio management services, alternative investment funds, and pension funds; and offshore funds and advisory mandates.
With a market capitalization of Rs 31,783.04 crore, the shares were trading at Rs 503.60 per share, decreasing around 0.02 percent as compared to the previous closing price.
State Bank of India holds 1,00,22,983 equity shares which is equivalent to 1.60 percent of the company as of December 2023.
Over the previous six months, it has returned 51.24 percent, with a multi-bagger return of 128.89 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm will be Rs. 2.28 lakh in a year.
The company’s revenue stood at Rs 423 crore in Q3FY24, during the same time frame, net profit stood at Rs 284 crore.
Written by:- Abhishek Singh
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