Share Market News: Ganesh Chaturthi was celebrated with great pomp across the country yesterday. With the arrival of Bappa, there is an atmosphere of enthusiasm and excitement everywhere. But do you know that since Ganesh Chaturthi last year, the shares of some companies have been specially blessed by Lord Ganpati? These stocks gave such a great return to the investors that the value of their investment increased manifold. Let's take a look at those multibagger stocks, which rained money for the investors in the last one year.
Elitecon International: Miracle of 22,344% returnMidcap segment company Elitecon International has given an incredible return of 22,344% to investors since Ganesh Chaturthi (September 6, 2024) last year. That is, if an investor had invested Rs 1 lakh in this stock at that time, today his capital would have increased to about Rs 2.23 crore! This stock has proved to be a gold mine for investors not only in the long term but also in the short term.
- In the last 1 month, this stock showed a stormy rise of 127%.
- In 3 months, it jumped up to 886%.
- In 6 months, it registered a growth of 1,595%.
The 52-week high of this stock was Rs 422.65 and the low was Rs 1.10, which tells the story of its exceptional performance. Elitecon International has registered its strong presence in the market by giving surprising returns to investors in every time frame.
Smallcap stocks also showed strengthApart from midcap, some smallcap stocks also left no stone unturned in making investors rich. Among these, the performance of Kothari Industrial Corporation and Colab Platforms was remarkable.
- Kothari Industrial Corporation gave a return of 2,557% in the last one year.
- Colab Platforms achieved a spectacular gain of 981%.
Apart from these, some other smallcap stocks also impressed investors:- CIAN Agro Industries and Infrastructure: 416% return
- NACL Industries: 368% return
- Lucent Industries: 203% return
- Indo Thai Securities: 202% return
All these stocks have joined the category of multibagger stocks giving more than 200% return, which provided a unique opportunity for wealth creation for investors.
The performance of these stocks was far ahead of NiftyThe stock market has been volatile since Ganesh Chaturthi last year. While the Nifty index has come down by about 0.6% since September 6, 2024, these multibagger stocks have given great profits to investors, defying the volatility of the market. Nifty touched its all-time high of 26,277.35 on September 27, 2024, but after that it saw a decline. Despite this, these select stocks not only showed stability but also achieved exceptional returns.
What is the secret of the success of these stocks?The strong business model, growing demand, and strategic decisions of these companies have given them a distinct identity in the market. Stocks like Elitecon International won the trust of investors on the basis of innovation and expansion in their field. At the same time, smallcap companies did this amazingly on the basis of their agile strategies and ability to understand the needs of the market. However, it is important to note that investing in the stock market is full of risks, and such a boom does not last forever.
Advice for investorsThis auspicious occasion of Ganesh Chaturthi not only brings spiritual fervor, but it is also a time of inspiration for investors who are looking to increase their wealth. But, it is important to do thorough research and take expert advice before investing in any stock. Multibagger returns may be attractive, but market uncertainties cannot be ignored.Disclaimer: This article is written for information purposes only. Investing in the stock market is subject to risks. Consult your financial advisor before investing. We are not responsible for any investment decision. Contact your financial expert for more information.
