4 Multibagger Monopoly Stocks That Have Given Returns Upto To 248% In 1-Year Despite Recent Sharp Correction

Monopoly stocks as the name suggests hold a monopoly in their business line and hence confront less competition and thus have a higher market share. So, being the leader or commanding the highest market share, such companies command a consistent revenue stream and there is indeed no threat to their existence. Also, from investment point of view, these concerns are suitable for long term wealth creation and hence can turn out to generate multibagger returns for their investors. Likewise, here are some of the monopoly stocks that even after the sharp correction currently have on a 1-year basis generated multibagger returns of over 100%.

Central Depository Services Limited or CDSL

Of late this depository firm has reached a milestone of having reached 5 crore demat account excluding closed accounts. The company established in the year 1999 offers secured depository services. The company primarily is a facilitator that helps in holding securities such as bonds, equities etc. in demat form and also enables securities transaction.

The company is indeed a crucial enabler of the Indian capital market and provides services to all market participants including-Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors.

A Depository is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.

The stocks' 52 weekLow /How is 565.5/1734.4 respectively. At the current market price of Rs.1355.35, the stock has declined 22% from its 52-week high.

Praj Industries

This company again holds a monopolistic position in the ethanol and biodiesel production space. The biofuel tech company offers a number of processes as well as systems. The company as of 2021 also commanded a strong order book of Rs. 650 crore. The company is virtually debt free.

BSE

This is the country's oldest exchange which offers its customers an efficient as well as transparent market for trading in equity, debt, derivatives, mutual funds. The company also has an interface that enables in equity trading of SMEs. The comoa

Company has maintained a good ROA of 5.23% in last 3 years. Net profit at the firm in the December ended quarter came in lower at Rs. 41.38 cr. as against Rs. 62.81 crore.

IEX

The mid-cap firm is the country's only major power exchange facilitating now global trade in the segment. With the pandemic now receding, as the electricity demand in the country soard, the spot trade in the segment on the exchange is on the steady rise. The company's net profit is on a steady rise and in the December quarter of Fy 22, the company posted net profit equal to Rs. 79.91 crore.

Monopoly stock	Current price	Multibagger return in 1 year (in %)
CDSL	Rs. 1355.35	119%
Praj Industries	Rs. 356.5	103%
BSE	Rs. 2085.35	248%
IEX	Rs. 211.1	104%

Disclaimer

Though monopoly stocks can be good for long term investing, currently the markets are highly volatile and there can be further correction. So, please take your call accordingly.