3 years of fireworks: 7 stocks surge over 100% from one year to next
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over 1 year ago
This year, India will mark its 77th Independence Day on August 15. On this significant occasion, ETMarkets has conducted a study on the top-performing stocks in the Indian equity market. In the BSE Universe, an impressive count of around 18 stocks have achieved multibagger status over the past three years, spanning from one Independence Day to the next.Our focus has been exclusively on stocks with a market capitalization of over Rs 500 crore. To ensure a foundation of strong fundamentals, we specifically selected companies that have demonstrated growth of over 10% in both sales and profits during the fiscal year FY23 when compared to FY22. Remarkably, this comprehensive strategy has resulted in the inclusion of 7 stocks that meet these stringent criteria. What's intriguing is that in terms of their price performance over a period of 3 years, these 7 stocks have achieved gains exceeding 1,000%. (Data Source: ACE Equity)
Economic Times