These low-priced stocks have stunned investors with stellar returns of up to 1,365 per cent so far this year! Do you own any?
Here is a list of the top low-priced multibagger stocks with outstanding returns!
Considering this year's returns, equity markets were disappointed, as investors' optimistic mood was missing. Year to date, the Indian benchmark indices BSE Sensex and Nifty 50 have just gained 2.06 and 1.60 per cent, respectively. However, both indices have soared about 6 to 7 per cent over the past two months thanks to optimism sparked by a robust quarter earnings season, a sizeable FII inflow and alternating recoveries in the banking and information technology sectors.
Throughout the period, broader indices experienced substantial buying pressure and outperformed the main indices by a significant margin. BSE Realty was the best performing sector, with gains of more than 11 per cent, while BSE Power was one of the hardest hit sectors as a result of the bloodbath in Adani Group stocks.
There are a few stocks that have consistently hit their upper circuit levels despite lacklustre market sessions and over time, established themselves as multibaggers thereby, attracting investors with their extraordinary returns!
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Here is a list of the top low-priced multibagger stocks with outstanding returns!