Page 5 - Multibaggers News Today

For more such web stories click on the ET

For more such web stories click on the ET icon below

An analysis of companies with a market capitalisation of over Rs 500 crore shows that there are at least 64 counters where smart money ownership went down in the September quarter but the stock still gave positive returns in the ongoing financial year as the retail holding went up.

Vascon Engineers will have to complete the project within 36 months of the date of acceptance.

"We have a multibagger framework which we use to identify equities which might turn multi-baggers in a 3-5 year timeline. We use the GARV (Growth at reasonable valuation) style to identify potential multibaggers which again are aligned to sectors of growth. The major effort is in identifying companies with a strong strategic moat."

Of the top 10 stocks that saw the highest increase in retail shareholders in the last one quarter, seven of them are part of the midcap and smallcap segments, and four of them belong to the public sector space, data by Prime Database showed.

Multibagger returns among the midcaps were lower, compared with the smallcaps, with just 9 companies rising over 100% in the last one year period. REC Ltd topped the charts in the midcap segment by delivering 247% returns in Samvat 2079, closely followed by IRFC (247%) and Power Finance Corp (240%).

Despite the current volatile market scenario, domestic brokerage house InCred Equities has come out with 3 stocks, that it believes will turn multibaggers in the next 3 years.

Attractive investment opportunities, according to the value investor, happen when capable and competent managers/promoters work steadily toward creating long term wealth for shareholders.

A recent analysis conducted by ETMarkets showed that Vijay Kedias holding in approximately 15 stocks was above 1%