Do you own these high-priced stocks that more than doubled in 2022 already?

The shares of these companies have outperformed the markets by more than 100 per cent in this year alone. 

Often it is assumed that a multibagger stock has to be a low priced stock that is below Rs 500 and that a high priced scrip cannot generate multifold returns! 

But you are in for a surprise if you looked at the YTD returns of these two shares! The shares of these companies have outperformed the markets by more than 100 per cent in this year alone. 

Jyoti Resins and Adhesives Ltd. is a manufacturer of synthetic resin adhesives. The company manufactures various types of wood adhesives (white glue), under the brand name of EURO 7000, which was launched in 2006, and is now the second largest selling wood adhesive brand in India in the retail segment. The company is almost debt free and has a good return on equity (ROE) track record. The company has recent announced 75 per cent final dividend for FY22 and 2:1 bonus share. The shares have gone from Rs 1119.35 to Rs 2388 a piece in YTD time on the BSE.  

Vadilal Industries Ltd was started as a soda company in 1907, and is the country's second-largest ice cream brand by sales. Vadilal has the largest range of ice creams in the country, with more than 150 flavors sold in more than 300 packs and forms. The Company is engaged in the business of manufacturing Ice-cream, Frozen Dessert, Juicy, and Candy and processing and exporting Processed Food products, such as Frozen Fruits and Vegetables, Canned Fruit Pulp, Ready-to-eat and Ready-to serve products, etc 

The company, has recently acquired KKC, through its arm Vadilal Industries USA Inc. The subsidiary signed a stock purchase agreement with ice-cream parlour operator Krishna Krupa Corporation, USA (KKC) for a subscription of shares, which would result in the subsidiary holding up to 100 per cent voting rights in KKC. The cost of acquisition was $0.25 million. 

Following are the high-priced stocks which have doubled this year: