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Multibagger Stock: There may not have been much growth in the Indian market in the last six months, but selected mid and small cap stocks have given strong returns. Today we will talk about four such multibagger stocks, in which foreign portfolio investors (FPIs) have also shown interest and invested a good amount of money.
Increasing stake of FPIs and aggressive rally of shares have included these four stocks in the list of popular multibagger stocks. The rapidly increasing trend of global investors shows that the fundamentals of these companies are strong and their growth story is not over yet.
Shares of BGR Energy Systems, a company that manufactures capital equipment for power and petrochemical industries, have given 298 percent returns in the last six months. During this period, the price of this multibagger share jumped from Rs 101.88 to Rs 406. Such a sharp rise has placed this stock in the list of top performers of the market.
FPIs have also recognized the potential of this BGR Energy stock. Their stake was only 0.01 percent in the June quarter, which increased to 0.10 percent in the September quarter. In Friday’s session also this share closed strongly at Rs 406.
Soma Textiles and Industries share, a company doing business of cotton trading, has also given multibagger returns in the last six months. During this period the share price has increased from Rs 43.08 to Rs 148.15. That means an increase of 243 percent. Despite the slowdown in the textile sector, this stock has shown tremendous strength.
FPIs have also invested money in this stock in the September quarter. While FPI stake was zero in the June quarter, foreign investors took 0.05 percent stake in the September quarter. On Friday, the stock slipped 4.97 percent and closed at Rs 148.15.
HBL Power Systems Ltd, a company in the engineering and battery manufacturing sector, has given excellent returns of up to 108 percent to investors in the last six months. The company’s shares have jumped from Rs 468.85 to Rs 976.80. Increasing orders in defense electronics and battery technology have given strong support to this stock.
FPIs have also rapidly increased their holding in this stock. While the share of foreign investors was 4.83 percent in the June quarter, it jumped to 7.10 percent in the September quarter. On Friday, this share also closed strongly at Rs 976.80.
Mining giant Gujarat Mineral Development Corporation Limited (GMDC) has almost doubled the wealth of investors in six months. Its shares increased from Rs 301.65 to Rs 600.20, i.e. 98.97 percent return.
FPIs have also increased their stake in GMDC. While their share was 2.25 percent in the June quarter, it increased to 3.32 percent in the September quarter. On Friday, this share jumped 5.98 percent and closed at Rs 600.20.
FPIs have also increased their stake in GMDC. While their share was 2.25 percent in the June quarter, it increased to 3.32 percent in the September quarter. On Friday, this share jumped 5.98 percent and closed at Rs 600.20.
