Hyderabad: The Indian stock market has been buzzing for the past one year. Sensex, which touched the 60,000 mark in September, trades around 55,000 at the moment. Even in the pandemic, the stock market has touched new heights managing to keep investors both vigilant and hopeful.
New IPOs being launched, the number of people trying their luck in the stock market has also increased. BSE, as such, reached the 50,000 mark for the first time on 21 January this year and added another 10,000 points in the next eight months.
Given the meteoric growth of the Indian stock market in the last one year, investors have been grandly benefited. Many mid and small cap stocks have also shown unexpected results. There are several stories of multi-fold profit these stocks have given to the investors, who identified and were among the early investors.
Here is an insight into these multi-bagger stocks that have immensely benefited the investors in the last one year:
Flomic Global Logistics
A freight services company, Flomic has made its shareholders quite happy in the last one year. If one had invested one lakh rupees in this stock a year ago, they would have been millionaires today. On 18 December 2020, the share was trading at share was Rs 1.74. A year later, on 20 December, the price has shot up to Rs 196. The share, as such, has increased by more than 10,000% in a year.
Simplex Papers
A penny stock last year, Simplex turned out to be the true multi-bagger. In December 2020, it traded at around 84 paise. The share price then had its major rally giving early investors a whopping 10,000 per cent return in the past one year. On Friday, 17 December, the price of one share of Simplex Papers was Rs 84.55. The noticeable thing is that on 1 October this year, the price of this share was Rs 7.43. Which means that in less than three months, the price of this share has multiplied up to 12 times.
Suraj Industries
In the last one year, this stock has given a return of 7,000 percent to its investors. Suraj Industries had closed at Rs 1.18 on BSE on 19 August. Three months later, on 3 December, its price rose to Rs 78.15. It further rallied to Rs 127 on 17 December. At the end of June, this stock was worth Rs 2.24 only. On 1 November, this share had reached Rs 27, and by 17 December, it had added another hundred rupees. Accordingly, the profits of the investors in this stock can be estimated.
Tata Teleservices (Maharashtra) Limited
The price of this share was Rs 7.85 on 1 January 2021, and reached Rs 189 on 17 December. On 1 November, the price of this share was Rs 55.20, while in the next one and a half months its price increased almost four times. Its investors thus made four-times profit in just few months. Overall the stock has given a profit of about 2,500 percent to its investors in the last year.
Arihant Superstructures
From Rs 20 in October 2020, Arihant Superstructures too has made its shareholders happy as it went beyond Rs 190 in December 2021. A return of over 800 percent was a deal that any investor would have grabbed. A person who had invested Rs 1 lakh in this stock a year ago would have made Rs 8 lakh out of it.
Cosmo Ferrites