Page 2 - Multibaggers News Today

High-performing large-cap multibaggers garnering significant attention from mutual fund investors.

The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.

The unprecedented demand across key metropolitan cities and beyond is the primary trigger for the rally in shares.

Kresha Gupta, fund manager of Chanakya Opportunities Fund, discusses the exceptional performance of the fund in SME IPOs since its inception. The fund follows a strategic investment approach, allocating to unlisted and listed SME exchange companies, and small cap SME companies based on a rigorous stock selection process. The fund has a lock-in period and actively manages risk.

As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, growing faster than sales on a year-on-year (YoY) basis in each of the last three quarters of the current financial year, a screener run by ETMarkets showed.

Barring two companies – Balrampur Chini Mills and Shree Cement – rest of the stocks have given atleast double-digit returns so far in the current financial year.

Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors money in the last 10 months.

The big gainers among sectors in the last one year were realty, PSUs, infrastructure, auto, pharma and energy stocks, registering a rally between 38 percent and 100 percent

Ace investor Dolly Khanna added multibagger JKumar Infraprojects, Ujjivan Financial Services, and Zuari Industries to her portfolio. She bought 1% stake in JKumar Infraprojects, 1.13% in Ujjivan Financial Services, and 1.23% in Zuari Industries. Khanna also trimmed her stake in Chennai Petroleum Corporation. Her portfolio, managed by her husband Rajiv Khanna, includes 18 stocks with a net worth of over Rs 513 crore.

Despite selling by mutual funds and foreign investors, Allcargo Terminals, PC Jeweller, and MSTC saw significant returns in the last quarter. Allcargo Terminals stock hit a lifetime high with 102% returns and a decrease in mutual fund holding from 1.30% to 0.55% and FII holding from 8.22% to 7.61%. PC Jeweller gave 123% returns with MFs exiting the company and FIIs reducing their holding.