Multibagger Stocks: From the point of view of the stock market, this year has not proved to be special so far. The Nifty 50 has gained just 3 percent so far this year. However, even in such a situation there is no dearth of such stocks, which have enriched their investors by giving strong returns. Today we are going to tell you about such multibagger stocks of the year 2023.
What is called multibagger share?
In this list we will tell you about stocks whose Mcap is at least Rs. 2000 crores. First of all, know what is called multibagger share. A stock that doubles its investor’s amount in a fixed period of time is called a multibagger. This is why stock market investors run after multibagger stocks.
The stock topped with 200 percent
IT company Aurionpro Solutions topped the list. The stock has seen an increase of nearly 200 percent since January. The current market capitalization of this company is around Rs. 2,450 crores. The IT sector’s nucleus software is at number two, which has returned nearly 172 percent so far this year. The funny thing is that the company of the IT sector is also at the third number. Shares of Saxsoft have returned nearly 160 percent during this period.
These stocks also made strong gains
Capital goods company WPIL Ltd is fourth in the list of top multibagger stocks with a return of around 140 percent. At number five is Inox Wind Energy, which has returned 126 percent. Jindal Saw Limited is at number six with a return of 124 percent.
These stocks also gave strong returns
After this, Magellanic Cloud, Waaree Renewable Technologies and Zen Technologies are at the seventh, eighth and ninth positions, respectively, with returns of 120-122 percent. Titagarh Rail Systems is at the 10th position with a return of around 115 percent. Kaynes Technology and JBM Group have also returned over 100 percent each.
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. As an investor always seek expert advice before investing money. Investing money on behalf of ABPLive.com is never advised.
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