Stocks below Rs 50: Investors should keep an eye on these multi-bagger stocks which gave a return of more than 1000 per cent!
Multi-bagger stocks are those that generate returns that are greater than 100 per cent higher returns or more in a reasonably short time.
The benchmark indices were trading mixed this week. On Friday, BSE Sensex closed on a negative note, down around 878.88 points or 1.40 per cent at 61,799.03. About 1,408 shares had advanced, 2,151 declined and 121 were unchanged.
Alliance Integrated Metaliks Ltd has a market cap of Rs 515 crore. The company is engaged in the manufacturing and trading of steel and steel alloys, as well as provides trading and investment services. Ashnisha Industries serves customers in India.
Ashnisha Industries Ltd has a market cap of Rs 133 crore. The company is engaged in the business of trading various steel products and trading goods.
Regency Ceramics Ltd has a market cap of Rs 66 crore. The company manufactures ceramic floor and wall tiles for domestic and international markets.
Sylph Technologies Ltd has a market cap of Rs 60 crore. It is one of the leading software technology companies in India, providing software development services & solutions for web and mobile enablement.
Mercury Metals Ltd has a market cap of Rs 174 crore. The company was formed with the primary goal of engaging in the business of dealing with metal and metal scraps. Since its inception, the company has been trading in various types of ferrous and non-ferrous metals, as well as metal scrap.
Multi-bagger stocks are those that generate returns that are greater than 100 per cent higher returns or more in a reasonably short time.
Following are the stocks that delivered multi-bagger returns year to date: