Dec 29, 2023
By: Katya Naidu
Credit: IANS
Midcap and small cap stocks have been shining in 2023, offering a good run-up and multibagger returns to its investors. Here are some of the best stocks across banks, capital goods and infra companies – whose value doubled in the last one year.
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Rail Vikas Nigam (RVNL) is a navratna company which was formed to implement projects on a fast-track basis. As the sector is going through a rapid expansion, the stock gave 141 percent returns in the last one year.
Credit: IANS
Going in with the railway theme and international orders, Jupiter Wagons too gave around 290 percent returns in the last one year.
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In a year that many Vande Mataram trains went live, more railway stocks got their due. Government-owned Indian Railway Finance Corporation (IRFC) gave 131 percent returns in the last year.
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The state-owned financier of power projects, Power Finance Corporation, rose steadily during the year. It gave over 200 percent returns during the year.
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PFC’s sister company Rural Electrification Corporation (REC) also gave similar returns — to the tune of 244 percent in a year.
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The company which makes plastic products became a multibagger in 2023 with 112 percent returns in 2023. As government spending on infrastructure rose, it held on steam, as now its yearly returns stand at 93 percent.
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It’s not just the government push that’s created multibaggers. Wonderla Holidays too gained as Indians chose to have post-pandemic fun and children rushed to picnics. The stock gave 160 percent returns in the last one year.
Credit: IANS
The Hyderabad-based pharma turned multibagger on account of heavy mutual fund buying. Its yearly returns stand at over 120 percent.
Credit: IANS
Many small and midcap bank stocks turned multibagger returns during the year like Central Bank of India, Polycab India, Cholamandalam Investment and Finance.
Credit: Pixabay