​These 7 smallcap multibagger stocks of 2023, have fallen over 20% so far in 2024
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Centum Electronics: An investment of ₹1 lakh in this stock 3 and 5 years ago would have resulted in ₹4.64 lakh and ₹5.16 lakh, respectively.
South Indian Bank's stock witnessed a significant rebound in recent years, with a 375% increase in price since June 2022. The new management's focus on quality lending resulted in strong financial performance, including a 197% rise in standalone net profit in Q3 FY24.
In every year since CY20, the stock has delivered a multi-bagger return. In CY20, CY21, and CY22, the stock generated returns of 194%, 247%, and 110.24%, respectively. In the recently concluded CY23, the stock achieved an impressive return of 382%.
In just over three months, Swan Energy's shares skyrocketed from ₹120 to ₹742, marking a remarkable 518% surge, driven predominantly by a 160% rally in the last five months.