Multibagger stocks are those that provide returns that are greater than their cost. Prices of such Multibagger Stocks India continue to multiply, increasing in value two, three, and even 10 times. Identifying potential midcaps/large caps equities from current small caps stocks is the technique of spotting multi-baggers. They are stocks that evolve gradually; they will not provide rapid rewards if you invest in them. A fundamentally sound small-cap firm with good management and a long-term strategy will eventually become a multi-bagger.
There are methods for identifying a group of stocks that have the potential to become multi-baggers both in India and outside. The most significant method, however, is to examine projected earnings growth. Because history does not always repeat itself, the company's future must be planned primarily using prior growth as a guideline.
Happiest Minds Technologies
It is placed fourth in IT services, which include artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and other disruptive technologies. The company Happiest Minds Technologies Ltd. was founded in 2011. Its share price currently is 1439.5. It currently has a market capitalization of Rs 21141.01 crore.
The stock has risen sharply after the firm stated in June that it is among India's top 25 best companies to work for in 2021. Since the beginning of the year, the stock has returned a staggering 325 percent.
Another driver for the company's continuous expansion is its management's optimism. This year's sales will increase, resulting in bigger profits.
JSW Energy and its subsidiaries are largely in the power generation business with their power assets. It is the holding company for the power division of the JSW group. Since the beginning of the year, the company's stock has risen by as much as 270 percent.
The stock has benefited from an increase in FII holdings. Promoters owned 74.7 percent of the company as of June 2021, while FIIs owned 5.9%.
Another reason for the bullishness is that the corporation is continually reducing its debt.
Balaji Amines manufactures methylamines, ethylamines, speciality chemical derivatives, and pharmaceutical excipients. It is one of India's leading producers of aliphatic amines.
It traded at Rs 938 on 1 January 2021, with a marketcap of Rs 30.4 billion, and now trades at Rs 3,437, with a marketcap of Rs 110.8 billion. Balaji Amines Ltd. has issued an equity dividend of Rs 4.00 per share in the last 12 months. The stock has increased by 266 percent since the beginning of the year.
Balaji Amines has a debt-to-EBITDA ratio of 0.62, which is quite low. In addition, the stock has outperformed the BSE 500 index over the last three years, one year, and three months.
Deepak Fertilisers and Petrochemicals' hares have increased by 200 percent since the beginning of the year.
The government upped the fertiliser subsidy allocation by 147.8 billion dollars in May, bringing the total outlay for fiscal 2022 to 943.1 billion dollars.
The company has a modest debt load and has had five consecutive quarters of favourable earnings. Stock returned 74.22 percent over three years, compared to 45.99 percent for the Nifty Midcap 100. Deepak Fertilisers & Petrochemicals Corporation Ltd. has declared an equity dividend of Rs 3.00 per share in the last 12 months.
Gujarat Fluorochemicals' stock has increased by 200 percent since the beginning of the year. Gujarat Fluorochemicals Ltd., founded in the year 2018, is a Chemicals Mid Cap business with a market capitalization of Rs 18,892.55 crore.
Refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoro-monomers, specialty fluoro-intermediates, specialty chemicals, and allied operations are all part of the company's business.
- Share Price: Rs 1,509.25
- Year to date Returns:161.10%
In India, Alkyl Amines is a prominent producer of aliphatic amines.
Chemical company stocks have been on a run for a while, and Alkyl Amines is one of them, with a return of 174 percent since the beginning of the year. Since then, the stock has increased by 12,640 percent. An annualised return of more than 60%.
The stock's topline and operational earnings have grown 14 times and 65 times in the last decade, respectively.
The equity dividend of Rs 16.00 per share has been declared by Alkyl Amines Chemicals Ltd.
This translates to a dividend yield of 0.37 percent at the current share price of Rs 4286.40. When bonus/splits are taken into account, the dividend yield is 0.23 percent.
6 Stocks That Have Turned Multibagger This Year 2021
|Company||Price in Rs.||Market Cap in Rs.||YTD Returns|
|Happiest Minds Technologies||1,378.50||19.53TCr||307.42%|