Multibagger stocks: These 5 shares have more than doubled investors' money in April

Produced by: Harshita Tyagi
Designed by: Pragati

Multibagger stocks are equity shares of a company that generate returns multiple times higher than its associated cost of acquisition. Multibagger shares have high earnings per share as well, increasing your dividend income on the investment amount.

What is a multibagger stock?

You can identify multibagger stocks by looking at the performance of an issuing company. Businesses demonstrating high-profit generation and limited debt liability are top contenders. 

How to identify
multibagger stocks?

Multibagger stock companies tend to have a low debt to equity ratio, indicating strong financial management skills. Price to earnings growth ratio (PEG) is also high, as the returns on one unit value of a share is several times of the primary investment.

Multibagger stock
attributes

Multibagger stocks are known to increase your wealth manifold, as the returns on such investments are tremendous. For example, you can invest in such shares for Rs 100, and realise profits amounting to Rs 1,000 or even higher sometimes.

Multibagger stock returns

In April, the Indian stock market delivered a good number of multibagger stocks and multibagger penny stocks, which includes Pulsar International, WS Industries, IB Infotech, etc.

Multibagger stocks of April

This BSE listed stock has risen from 45.09 to Rs 108.34 apiece levels, delivering to the tune of 140% return to its positional long-term shareholders. The circuit to circuit stock hit the upper circuit on all five sessions in the week gone by.

Pulsar International

Pulsar International has a market cap of Rs 32 crore and its shares ended on Friday with a trade volume of 779 only. This means, it is a low float stock, which is suitable for high risk traders only. The stock is listed in XT group of stocks.

Pulsar International m-cap

This circuit to circuit stock has a market cap of around Rs 310 crore and in April 2023, this multibagger stock has risen from Rs 32.55 to Rs 73.95 apiece levels, logging over 125% rise in April 2023. This small-cap stock touched the upper circuit on all five trade sessions in the previous week.

WS Industries

WS Industries is one of the multibagger stocks in India in 2023 as it has delivered more than 350% return to its positional shareholders so far in 2023. This BSE, NSE listed stock ended on Friday with a trade volume of 5,67,505 on BSE.

350% return in YTD time

This small-cap stock is a circuit to circuit stock that has given multibagger returns in April 2023. This small-cap stock shot up from Rs 62 to Rs 142 apiece levels in April 2023, surging around 130% in this time.

IB Infotech

IB Infotech is one of the microcap stocks that has a low trade volume. On Friday, it ended with a market cap of Rs 18 crore and its trade volume on Friday was 3,817. It is also a low float stock, and it is listed in the XT category.

IB Infotech stock

This multibagger textile stock has shot up from Rs 22 to Rs 51 apiece levels, logging around 130% gains in April 2023. The micro cap stock, which has market cap of Rs 29 crore, is listed in XT category. It ended with a trade volume of 8,839 in the previous session on April 28.

Kakatiya Textile shares
jump 130% in April

This stock has risen from Rs 14.71 to Rs 33.61 apiece levels in April 2023. This multibagger penny stock has delivered around 1,128% return in the first month of FY24, and is listed in M category stocks. It ended on Friday with a market cap of Rs 11 crore, and its trade volume on the weekend session was 38,000.

Maagh Advertising &
Marketing Services

Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.

Disclaimer