Page 3 - Multibaggers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

High-performing large-cap multibaggers garnering significant attention from mutual fund investors.'

The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.

The unprecedented demand across key metropolitan cities and beyond is the primary trigger for the rally in shares.

Kresha Gupta, fund manager of Chanakya Opportunities Fund, discusses the exceptional performance of the fund in SME IPOs since its inception. The fund follows a strategic investment approach, allocating to unlisted and listed SME exchange companies, and small cap SME companies based on a rigorous stock selection process. The fund has a lock-in period and actively manages risk.

As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, growing faster than sales on a year-on-year (YoY) basis in each of the last three quarters of the current financial year, a screener run by ETMarkets showed.