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Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.
Notably, the multibagger stock has recovered over 78 per cent from its 52-week low of Rs 532, hit on November 10, 2022.
Under the preferential allotment, shares will be allotted to Tata Capital Healthcare Fund which post the preferential issue of equity shares own a 10.82% stake in the company.
Multibagger stocks: With Nifty hovering near 20,000 level, investors have been wondering whether they have missed the bus. In an exclusive conversation with BTTV for Market Masters show, top Market Guru Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Group, shares tips to spot multibagger stocks, investment strategies, and more.
Agrawal says a retail investor needs to identify companies that can deliver a 25 per cent growth in earnings over the next 10 years. He said investor has to make sure he understands the business well.