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Multibagger Stocks Of 2022: 4 Stocks That Became Multibaggers In 3 Months
Multibagger stocks can be described as those stocks that give more than 100% returns in a short tenure. If a stock offers twice the returns it is two bagger, if it gives thrice the return, it is three-bagger, and stock whose prices surge multiple times their early investment will be known as multibagger stocks.
While looking at a multibagger stock, it is significant to check the debt level of the company, previous quarter performance, sources of earnings, and the PE level. Below are 4 stocks that have become multibaggers in 3 months period:
1. Advait Infratech
The small cap stock has given 257% return 3-months. The stock has given a return of 3,356% return in just 1-year. Today that stock hit its new 52-week high. The current market price of the stock is Rs 682 apiece with an intraday gain of 5%.
The stock has a market capitalisation of Rs 348 crore. The company offers communication infrastructure construction services. Advait Infratech offers transmission lines, earthing, optical fiber ground wire installation, and other related services.
2. NIBE Ltd
The small cap stock has given 156% return in last 3-months. In last 1-year, it has jumped 789%. In last 5-years, the stock has given 4881% return. The current market price of the stock is Rs 389 apiece with an intraday decline of 2.26%. The company has a market capitalisation of Rs 405 crore.
NIBE Ltd was incorporated as Kavita Fabrics Private Limited on October 18, 2005. It operates in Textiles sector. The company came into existence in 2005.
3. Raj Rayon Industries
The stock has given a return of 157% in last 3-months. The return in the last 5-years remain at 10,800% and in last 1-year, the return is 1918%. The company has a market capitalisation of 2610 crore.
The current market price of the stock is Rs 47 apiece with 52-week high at 47 and 52-week low at 1.29 apiece, respectively. The stock has gained 1.94% intraday.
Raj Rayon Industries Limited (previously known as Raj Rayon Ltd.), is a Public Ltd Company. It is engaged in manufacturing of Polyester Texturised Yarn (PTY), Partially Oriented Yarn (POY), & Fully Drawn Yarn (FDY).
4. Ambar Protein Industries
The stock has given 256% return in last 3-months and 3356% return in last 1-year. The current market price of the stock is Rs 603 apiece with 52-week high at Rs 843 apiece and 52-week low at Rs 18 apiece, respectively. It has a market capitalisation of Rs 346 crore.
Ambar Protein Industries was established in 1992 in Ahmedabad to provide quality edible oil under the brand name Ankur to the consumers of Gujarat. The company's product portfolio includes Ankur Refined Cottonseed Oil, Ankur Refined Sunflower Oil, Ankur Refined Soybean Oil and Ankur Refined Corn Oil.
Disclaimer
The above stocks give details about the 3-months return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
