Majority of Murugappa Group stocks turn multibaggers; top stock delivers 18x returns
The top performing stock has delivered astronomical returns of over 1750 per cent.
One of the well-known and celebrated groups in the country is Murugappa Group. It began as a banking enterprise in the pre-World War 1 era in Burma (Myanmar).
Shifting to India during the turbulent war years, the group established its base in the South. It grew by leaps & bounds, building strong, market-leading companies in critical sectors like agri-solutions, financial services, and engineering.
Today, Murugappa Group is a Rs 54,700 crore conglomerate, with an exceptional reputation for value creation and high standards of governance.
Let’s check out the performance of Murugappa Group in three years. For the current year, we have just considered the YTD performance.
So, here is the performance of the stocks of Murugappa Group:
|
Company Name
|
Gains in Percentage
|
|
CGPOWER
|
1761.11
|
|
TIINDIA
|
317.98
|
|
WENDT
|
200.63
|
|
EIDPARRY
|
169.91
|
|
CARBORUNIV
|
151.62
|
|
SHANTIGEAR
|
145.08
|
|
CHOLAFIN
|
114.81
|
|
COROMANDEL
|
96.09
|
|
CHOLAHLDNG
|
25.64
|
CG Power and Industrial Solutions Ltd is the top performing stock as it delivered astronomical returns of over 1750 per cent. CG Power and Industrial Solutions was acquired by Tube Investment of India (TII) of Murugappa group in 2020. Interestingly, the company has achieved financial turnaround in its first full year of operations ended March 22.
Second best performing stock is Tube Investments of India Ltd as the stock has delivered over fourfold returns in the mentioned time frame, which is followed by Wendt (India) Ltd with 200 per cent gain.
An important point to note all the stock have delivered positive returns, while majority of them turned
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