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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 Kedia's holding in approximately 15 stocks was above 1%