Page 9 - Multibagger Stocks News Today

IRFC has joined the league of Indian PSU firms with a market capitalization exceeding ₹2 lakh crore, making it the ninth company to achieve this milestone.

Indian Railway Finance Corporation (IRFC) becomes the ninth Indian PSU firm to achieve a market capitalisation of over ₹2 lakh crore.

Shares of PCBL have surged nearly 700% since April 2020, reaching a current price of ₹310 apiece. The companys strong performance in the carbon black business and entry into the specialty chemical sector are the major factors behind the sharp run-up in shares.

The bank posted a 197.2% increase in net profit to ₹305 crore in Q3 FY24 as compared to a net profit of ₹102.75 crore in the same period last year. In the preceding quarter (Q2 FY24), the net profit came in at ₹275 crore.

With its expertise in AI, strategic diversification, and a proven track record of successful transformations, Cyient is well-positioned to ride the AI wave. For investors seeking exposure to high-growth sectors, the midcap IT stock deserves a closer look

FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter. Back in the September 2023 quarter, FIIs stake stood at 11.4%.

Shares of metals and mining firm Jai Balaji Industries have given exceptional returns to their investors in the last 1 year. The stock has delivered phenomenal returns surging over 1812 percent to ₹1,046.90 from ₹53.8 in January 2023.

The prospect of the BJPs potential re-election is generating positive expectations for sustained Capex contributing to the increased attractiveness of PSU stocks.

PSU stocks IRFC, RVNL and Mazagon Dock surged up to 13 percent in intra-day deals on Tuesday to hit their respective new highs ahead of the 2024 Interim Union Budget.

IRFC stock has surged 295 percent in the past year, nearly quadrupling investors money. In the past two years, it has yielded a whopping 400 percent return