Multibagger alert! 440 stocks rally up to 10,900% since last Diwali

New Delhi: Cherry-picking multi-baggers on Dalal Street has never been an easy task for investors. However, with careful selection, a variety of domestic publicly traded companies have delivered fantastic returns across all market capitalizations.

According to data from Ace Equity, up to 440 shares listed on BSE have risen 10,900 percent since the last Diwali, i.e. from November 4, 2021 to October 18, 2022. Up to 18 companies have grown by more than 1,000 percent during the period.

The list does not include companies that made their debut or were delisted during this period.

Rising inflation, a stronger dollar, geopolitical concerns, hawkish central banks, a crisis, fears of a recession and continued rate hikes were the key factors limiting equity market performance.

Market analysts have mixed opinions on how the market is performing this year. Some see this performance on the expected lines, while others expected better from the local meters.

MarketsMojo Chief Investment Officer Sunil Damania said: “Last year we proposed a 65% probability for the Sensex to decline and we have seen this move from the previous Diwali to the current one.

So on a scale of 0-10, stock performance would be rated between 3-4, he added. “However, we expect the market to perform exceptionally well by the next Samvat.”

Vikram Kasat, Head Advisory, Prabhudas Lilladher, said India remains one of the few growth destinations with strong domestic demand and food grain security amid skyrocketing inflation and recession fears around the world.

The list is headed by a small-cap textile company

which has increased by 10,868.60 percent in the period under review since the last Diwali, which was celebrated on November 4th.

It turned an investment of Rs 10,000 into a whopping Rs 10.69 lakh over the period. However, trading in the scrip was halted on October 14 due to IBC proceedings.

It is followed by plastic products supplier Kaiser Corporation, which is up 9,581 percent in Samvat 2078 so far. The scrip has turned an investment of Rs 10,000 into Rs 9.85 lakh so far.

and IKAB Securities & Investment also gained 2,636 percent and 1,847 percent, respectively, for the period. also rose 1,637 percent over the same period, the data suggests. , Hemang Resources, Supreme Holdings & Hospitality, Sampre Nutritions, , , KBS India, Quest Softech, , Wardwizard Foods and Beverages, Kakatiya Textiles, Gorani Industries and Sadhna Broadcast were also up between 1,000 and 1,300 percent over the period.

GTV Engineering, Polo Queen Industrial & Fintech,

NIBE, Beekay Niryat, CWD, Swadeshi Polytex, Axita Cotton, Khoobsurat, MRC Agrotech, BLS Infotech and rose 750-1,000 percent in Samvat 2078.

Other prominent names include KPI Green Energy, Roopa Industries,

Adani Power, Dynamic Cable and , who have delivered Multibagger returns.

Some of these stocks are held directly or indirectly in the portfolios of Dalal street veterans, including Shankar Sharma, Dolly Khanna, Porinju Veliyath and Ashish Chugh, among others.

Other reputable stocks include

Raymond, Specialty Restaurants, PTC Industries, Adani Total Gas, Adani Enterprises, Elgi Equipments, Vishnu Chemicals, , RHI Magnesita and Turned Multibagger.

Market veterans remain bullish on Indian equity markets and India Inc. They expect select sectors oriented towards domestic consumption to be likely to outperform.

“After a very long time we are seeing the first signs of an upturn in the Indian investment cycle. Engineering and capital goods as a sector have done quite well over the last 12 months. I still think it’s very early days for the sector,” said Pankaj Murarka, CIO, Renaissance Investment Managers.

Leadership will come from domestic and domestic-oriented sectors, while global sectors may remain challenged for some time, he added, also looking positively at the pharmaceuticals sector.

“We believe that higher domestic demand has led to growth and relative stability has led to some decoupling from other major global economies, and the trend is expected to continue in the coming quarters,” added Kasat of Prabhudas Lilladher .

(With data input by Ritesh Presswala)

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times) Multibagger alert! 440 stocks rally up to 10,900% since last Diwali

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