Stocks That Have Turned Into Multibaggers In 2021

Who wouldn't want their money to get double, triple and so on and so forth and the sooner it happens the more sense it makes. In stocks also, there is defined multibagger stocks that double, treble, quadruple in value but this doesn't happens overnight and various factors push through in the process. Despite the Covid 19 crisis, equities have been performing very well after the bloodbath seen in March 2020, and in the ongoing year several stocks have turned out to be multibaggers.

Here we list out some such stocks that have turned multi-baggers in 2021, though there are several falling under the category. Reasons for the surge and the stocks' future potential is also discussed for the investors' know how for some of the scrips :

1. Adani Total Gas:

From a closing price of Rs. 239.85 as on November 6, this gas distribution company stock has zoomed to a price of Rs. 1310.3 in a matter of six months, a mammoth 446 percent return. The company's market cap is Rs. 1,44,108 crore considering the closing price on May 7, 2021. Furthermore, the stock scaled a new 52-week high of Rs. 1337.9 on the NSE. Infact Adani Total Gas is said to top the list of multibagger stocks.

Why the stellar rally in Adani Total Gas?

Q3FY21 turned out to be a successful quarter for the company with the highest ever financial numbers. The company is into developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.

For the Q4 quarter, Adani Total posted an increase in net profit by 18.6% (YoY) at Rs. 144 crore. Also sales at the company have recorded have surged by 26 percent YoY to Rs. 584 crore.

2. Tanla Platforms:

This mid-tier IT services firm was a recommendation as a multibagger stock for 2020. From the charts we can identify that during November-December the stock was consistently making newer highs. And in the six months period gave a return of 149%.

3. Morepen Laboratories:

As the pharma company in such uncertain Covid times is seen to outperform, there has been a rush to stocks from the sector. And this small cap pharma company has been delivering phenomenal returns. After significant correction between December to March, the stock started to see big moves from April 20. In the FY 21, the return from the stock have been 360%.

4. Hindustan Copper:

This metal company has again delivered meteoric returns and is seen to have a likely target of Rs. 185 and Rs. 195 in the current circumstances when the stock is trading above Rs. 170 apiece. On May 7 itself the stock with gains of almost 10% closed at a new 52-week high of Rs. 171.95.1.

5. Prince Pipes and Fittings:

This plastic product manufacturing company has been performing good ever since its listing in December 2019. For the December quarter of FY21, the company's net profit rose 175 per cent year-on-year (YoY) to Rs 67 crore on the back of higher revenues. The company had posted a profit of Rs 24 crore in the year-ago quarter.

6. IIFL Finance:

This NBFC company has almost trebled investor's wealth in just 6 months time. Brokerages cite that a strong close over Rs. 280 may result in a breakout towards Rs. 320. The RSI has fallen below the overbought category but needs to make a positive crossover, as per the weekly chart.

7. Somany Home Innovation:

The firm owing brand like Hindware Appliances targeted a growth of 35% for FY21 as amid lockdown situation most of the people work from home, there is an increased interest for home improvement and products in the category. The stock in just last last 6 months has been able to deliver returns of over 240 percent.

Multibagger stocks of 2021 which yielded up to 446% in just last 6 months time

Scrip	Closing price as on November 6, 2021	Closing price as on May 7, 2021	% gain in six months
Adani Total Gas	239.85	1310.3	446
Hindustan Copper	34.25	171.95	402
Tanla Platforms	348.75	871.55	149
Morepen Lab	27.5	61.8	124
Prince Pipers and Fittings	240.05	579.35	141
IIFL Finance	84.75	266.6	214
Somany Home Innovation	83.8	285.25	240