HDFC, Housing Development Finance Corporation Limited, is a prominent financial institution in India. Established in 1977, HDFC has become a leading provider of housing finance and related services, offering mortgages, loans, insurance, and banking solutions to millions of customers nationwide.
A multi-bagger is a stock or investment that achieves enormous, typically exponential, increases, resulting in returns several times higher than the initial investment. Investors look for multi-baggers that might generate significant wealth due to good market circumstances or outstanding performance.
Here is the list of stocks in the HDFC portfolio that gave multi-bagger returns in a year:-
Kaynes Technology India Ltd
Kaynes Technology is a prominent integrated electronics manufacturing firm that offers end-to-end services and IoT solutions. The firm offers conceptual design, process engineering, integrated production, and life-cycle support to key players in the automotive, industrial, aerospace, and defense sectors.
With a market capitalization of Rs 19,881.72 crore, the shares closed at Rs 3,110.50 per share, increasing around 1.06 percent as compared to the previous closing price.
Housing Development Finance Corporation bought 6,95,325 equity shares which is equivalent to 1.09 percent of the company as of December 2023.
It has delivered returns of 52.69 percent in the last six months and a multi-bagger return of 240.78 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 3.40 Lakh in a year.
The company’s revenue stood at Rs 509 crore in Q3FY24, during the same time frame, net profit stood at Rs 45 crore.
JK Tyre & Industries Ltd
JK Tyre & Industries is a leading tyre manufacturer in India and one of the top 25 manufacturers in the world, with a diverse product portfolio that includes trucks/buses, LCVs (light commercial vehicles), passenger cars, MUVs (multi-utility vehicles), and tractors.
With a market capitalization of Rs 13,011.41 crore, the shares closed at Rs 499.05 per share, decreasing around 1.88 percent as compared to the previous closing price.
Housing Development Finance Corporation bought 33,33,333 equity shares which is equivalent to 1.28 percent of the company as of December 2023.
It has delivered returns of 90.87 percent in the last six months and a multi-bagger return of 221.87 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 3.21 Lakh in a year.
The company’s revenue stood at Rs 3,688 crore in Q3FY24, during the same time frame, net profit stood at Rs 227 crore.
Kesoram Industries Limited
Kesoram Industries Limited is an India-based corporation that manufactures clinker and cement. The Company’s segments include Cement, Rayon, T.P., and Chemicals. Its Cement sector sells cement under the Birla Shakti Cement brand.
With a market capitalization of Rs 5,100.71 crore, the shares closed at Rs 164.20 per share, decreasing around 0.21 percent as compared to the previous closing price.
Housing Development Finance Corporation bought 40,81,400 equity shares which is equivalent to 1.31 percent of the company as of December 2023.
It has delivered returns of 60.60 percent in the last six months and a multi-bagger return of 175.27 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.75 Lakh in a year.
The company’s revenue stood at Rs 961 crore in Q3FY24, during the same time frame, net profit stood at Rs (49) crore.
Written by:- Abhishek Singh
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