- In spite of high market volatility, a few stocks have turned multibaggers in the last one year.
- Mid cap company
Apar Industries is on the top of the list as it provided 4x returns to investors. - PSU RVNL and Fertilisers And Chemicals Travancore also made it to the list.
Share prices of most of these companies have surged more than 100% in the last one year, providing investors with multibagger returns.
The mid cap company Apar Industries is on the top of the list, providing investors with four times returns to investors. The company is a manufacturer and supplier of conductors, cables, specialty oils, polymers and lubricants.
The company’s net profit in March quarter nearly tripled to ₹243 crore from ₹82 crore last year while revenue jumped 36% on year to ₹4,089 crore.
Rail Vikas Nigam Limited (RVNL), a public-sector railway company, is another multibagger stock that has rallied in the last one year, all thanks to robust orders and the government efforts $4.
The company has added several large orders to its kitty in the last one year. A project to build the Mumbai Metro line and another to construct and maintain Vande Bharat Express trains are among the large orders it has bagged.
Another company among investors favourite list is Fertilisers And Chemicals Travancore that rose 166% in the last one year. The Kerala state government has said it would acquire the company’s land at Eloor and hand it over to Cochin University of Science and Technology (Cusat) for setting up a Science park.
Also, shares of UCO Bank have surged 128% in the last one year. The Kolkata based bank surged on reports of privatisation of the bank as part of the government’s divestment plan. In Budget 2021-22, finance minister Nirmala Sitharaman had announced privatisation of PSBs in order to garner ₹1.75 lakh crore from divestments.
Shares of automotive components supplier Mahindra CIE has spiked 133% in the last one year. The company’s net profit surged nearly 73% in March quarter profit to ₹279 crore.
Source: BSE