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3 Multibagger Stocks That Yielded Up To 14850% Return In The Last 1-Year
Indian indices have been the most resilient and climbed new peaks aided by huge liquidity in the system as well as continuing government's supportive measures. This is despite there is seen no coherent movement of the Indian economy and stock markets. Nonetheless, ace investors world over are bullish over the Indian markets and see it to be the best bet for long term.
Amid such a momentum, and despite the Covid disruption some select stocks galloping returns in the past one year.
1. Flomic Global Logistics Ltd.:
This is an IATA recognized air freight service provider. The company's range of services include ocean freight, domestic transportation by air/ rail, reefer container, exhibition and event logistics among other. The country with over 30 years of existence caters to as many as 84 plus nations.
The 1-year return of the scrip of Flomic has been a staggering 14850 per cent from a price of just above Rs. 1 to now at Rs. 167.45. The stock is not traded on the NSE. The stock's latest m-cap stands at Rs. 120 crore.
2. HCP Plastene Bulkpack/ Gopala Polyplast:
HCP Plastene Bulkpack ... Gopala Polyplast (GPL) is engaged in the manufacturing of HDPE/PP Woven sacks with an installed capcaity of 7925 tons and diversified into. textile woven labels at a total cost of Rs 13.17 cr.Textile woven labels find their application in ready made garments (shirts, trousers, dresses), hosiery, terry towels, leather shoes, knitwear, etc.
The scrip in the last 1-year moved up from Rs. 5.72 as on November 5, 2020 to currently quote at Rs. 629.4, giving an outstanding return of 10903 percent return in the last 1-year. Know more about how this stock gave such outstanding returns.
3. Xpro India:
This Birla group company is a diversified multi-divisional, multi-locational enterprise in the polymer processing sector. The packaging company's latest m-cap is Rs 816 crore.
Product portfolio of the company includes BOPP films, Coex cast films, coex sheets among others.
The company enjoys leadership position when it comes to manufacturing packaging material for capacitors in India being only the single entity in the space. The surge in the stock price as detailed in a report is on the government's supportive measure in relation to electronic manufacturing and hence given this the company has begin to see some profits for the last some quarters. So with improvement in cash flow, the company is on the path of cutting down its debt.
The stock of Xpro during the last 1-year has registered gains to the tune of 3145.54 percent. The stock last closed at a price of Rs. 691.3 per share. The upside in the stock price is likely to continue given the now scope of electric vehicles. Furthermore, as the government has corrected the inverted duty structure for the segment, there is expected more resilience into the space.
Disclaimer:
The stocks mentioned herein are just to provide an idea of how these stocks fared in the last one year. Note equities are highly expensive currently and one can take a buy on dip take on 5 percent correction in the future course.
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