A study of 20-year data dissecting the performance of Dalal Street s biggest multibaggers shows that most stocks that compounded by a minimum of 25% during the period hail from traditional manufacturing companies like capital goods, engineering, commodities, consumption, etc.
In this article, we explore why 10 stocks have a trending-up RSI, offering insights into potential market movers. Join us as we unravel the RSI and its importance in assessing stock movements for informed investment choices.
Fund managers hiked exposure in KIMS, Affle India, KEI Industries, Westlife Foodworld, Birlasoft, CIE Automotive India, MCX, Narayana Hrudayalaya, Cholamandalam Financial Holdings and Home First Finance, shows data pulled from the records of Finalyca by PMS Bazaar.
Shares of KEI Industries Ltd have delivered multibagger returns in the last three years. KEI Industries stock, which closed at Rs 398.55 on August 21, 2020 hit an intraday high of Rs 2592 on the BSE today (August 22, 2023), delivering 550.35% returns in three years. During a period of two years and one year, the stock climbed 261% and 85%, respectively. In comparison, Sensex has zoomed 69.53% in three years. The stock of the wires and cable manufacturer hit a yearly low of Rs 1350.70 on August 29, 2022 and a record high of Rs 2812.20 on July 19, 2023.