Page 4 - Multibaggers News Today

Automobiles, infrastructure, capital goods, industrials, and realty were the best performing sectors in 2023, driven by the strong domestic demand, capex push by the government, and growing discretionary consumption.

But its the broader market that stole the show, with as many as 190 smallcap stocks turning multibaggers this year, and 143 of them also hitting their lifetime highs, data by Ace Equity showed.

With Tuesdays rally, IREDAs market cap crossed the Rs 26,000 crore mark. The stock has tripled from its issue price of Rs 32 in just ten days of listing. The stock went public on November 29, ending at 87.5% higher than its issue price.

Data crunching done by ETMarkets showed that 23 companies reported atleast a double-digit year-on-year (YoY) growth in both revenue and profits for three consecutive quarters. About seven of them have given multibagger returns year-to-date, and five of them have done that only in FY24.

ETMarkets has identified seven stocks spanning diverse sectors that have doubled investors wealth in just three months

Multibagger investing is about being disciplined and not trying to get rich quickly. Investors need to stay patient and build the patience to swallow multiple drawdowns. It is the multibagger mindset that counts and if you trim your winners, you might not be able to realise the full potential

If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to nearly Rs 7 lakh.

For more such web stories click on the ET

A steady growth in the topline as well as the operating profit helped some of the companies in the smallcap segment rebound sharply in the September quarter.

The list is dominated by capex plays as the impact of the upcycle is being noticed in both earnings as well as share prices. Topping the chart are two rail stocks - Titagarh Rail Systems and Jupiter Wagons - which have been reporting at least a 100% YoY jump in their profits. In the September quarter, Titagarh reported a 107% rise in PAT and 54% sales growth while Jupiter saw its profit rising 233% against 111% growth in sales.