Mutibagger stocks apart from their basic distinguishing feature of yielding multibagger or over 100 percent return in a defined time, also tend to behave in a certain specific way.
Here we list out all such unique ways or their features which are of highly importance and can also help their recognition:
1. Always available at high Price to earnings
2. Retail investor find them difficult to hold
3. Not easily can be entered into because of a high P/E
4. Less volatile
5. Less of price corrections
6. More time wise corrections
7. High institutional holding
Now coming to the core topic like most of the sectors in this bull run, there are stocks even from the renewable and clean energy space that have offered multibagger returns. Here is a look at such multibagger renewable and clean energy stocks:
1. Gita Renewable Energy:
This company works to generate power using renewable sources including water, solar and hydro. After its listing way back in 2015, the company has been incurring losses and for the first time turned profitable in Q4 fy 21, which also helped the company in soaring in share price. Interestingly, the stock's 1-year return is at a staggering 3738%. This is an increase from a share price of over Rs. 5 as on October 13, 2020 to currently over Rs. 211 apiece on the NSE.
2. JSW Energy:
This company is the private sector power generating entity that believes in efficient utilization of all resources. The company has been making endeavours and harnessing the power of sun. The company currently generate 4,559 MW, out of which 3158 MW is thermal power,1391 MW is hydropower and 10 MW solar power.
Over the 1-year period, the stock of this company has surged over 500 percent from a price of Rs. 58.65 to Rs. 379.85 as the last traded price.
3. Waaree Renewable Technologies:
Waaree is both a Global leading manufacturer of solar PV modules and a provider of solar energy solutions. Owning the Largest solar panel module manufacturing facility in India of 2 GW, Waaree is now the largest solar Module manufacturer in India.
The company to its credit has three rooftop 400-800 KWp (kilowatt peak) installations in Karnataka, Maharashtra and Haryana. So, it is more of a service provider than a power generator.
This company also during the 1-year time has made record gains of over 900 percent from a price of Rs. 18 on October 14, 2020 to currently over Rs. 185 per share.
4. Borosil Renewables:
The solar glass manufacturing company, established in the year 2010, has also made record gains during the last one year of 421 percent. The country's huge solar glass requirement on a daily basis is met through imports from China and Malaysia. The company is the only solar glass manufacturing company meeting a huge chunk of the overall demand.
5. Websol Energy System:
This stock also gained a good 345% in the last one year to currently priced at Rs. 86 from levels of Rs. 19 a year ago.
Websol Energy System Limited is a leading manufacturer of photovoltaic crystalline solar cells and modules in India. With a state-of-the-art integrated production facility at Falta SEZ, Sector II, Falta, West Bengal, Websol has steadfastly delivered an advanced and excellent products since 1994.