Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.
Out of the 45 stocks (with a market capitalisation of over Rs 500 crore) which had TTM PE multiples of over 100 a year ago, only 20 of them have given negative returns in the last one year. In fact, three of them - Zen Technologies, PTC Industries and Premier Explosives - have gone on to deliver multibagger returns and remain in the high PE zone even today.
Crorepati maker multibagger stock: Shares of Raj Rayon Industries have logged stellar returns for investors in the last two years. Raj Rayon Industries shares, which closed at Rs 67 on March 27, 2023 have rallied around 3,800% in the last one year. In comparison, Sensex has risen a mere 0.1% during the period. An investment of Rs 1 lakh in the stock two years ago would have grown to over Rs 3 crore today. Watch this Business Today to know this multibagger stocks s price history, returns and more.
Multibagger stock: Apar Industries has rallied over 20,000% in the last 20 years, delivering blockbuster returns to investors. If one would have invested about Rs 10,000 in Apar Industries shares in 2003, the investment could have turned into Rs 20 lakh by now. Watch this Business Today Visual Story to know Apar Industries share price history, returns and more.