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Multibagger Stock: Small cap contains more risk but these returns also split. The same has done the same by four smart cap stocks with a price of less than Rs 100. These shares have made investors rich in the last six months. During this period, these four have given multibagger returns ranging from 107% to 263%. Let’s know about the magical shares, which the person who placed bets on, shone.
Experts say that the risk in small cap stocks is high, but if the right company is selected, then it does not take time to double the return. The success of these four shares has proved it again.
Spice Lounge Food Works is at the top of giving multibagger returns in six months. In June, the price of shares received in just ₹ 10.98 has increased to ₹ 39.94 today. That is, in just six months, it gave a spectacular return of 263% to investors.
On Friday, Spice Lounge Food Works Shares recorded a slight decline and the stock fell 1.98% to close at ₹ 39.15. Nevertheless, the company’s market cap has reached ₹ 2,729 crore. This company, which works in food-tech services and solutions business, can draw the attention of investors in the coming time.
The shares of Haryana Financial Corporation also did not lag behind in filling the investors’ bags. In six months, it flew from ₹ 27.67 to ₹ 84.74. That is, it gave a total return of 206%. Recently, this stock went to an upper circuit of 4.99% and locked at ₹ 84.74.
Jaiswal Neco Industries also did not disappoint investors. In six months, the stock rose from ₹ 33.37 to ₹ 69.17. That is, it received a return of 107%. On Friday, it witnessed further gains and the stock climbed 4.50% to close at ₹ 72.28.
The company’s market cap is now ₹ 7,018 crore. This company working in the production of pig iron, sponge iron, alloy steel and castings is gradually making a big name in the industry. The strength of steel and metal sector can support this stock even further.
The shares of Tourism Finance Corporation of India i.e. TFCI have also raised a lot of money in the last six months. In the last six months, it increased from ₹ 35.33 to ₹ 73.69. That is, it gave a return of 108%. On Friday too, it was slightly raised and the stock rose 0.35% to close at ₹ 73.95.
The company’s current market cap is ₹ 3,423 crore. TFCI does not only finance in many sectors like tourism, but also real estate, infrastructure, renewable energy and NBFC lending. With the increase in demand in such sectors, the speed of this stock can also be faster.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. AyraNews24x7 will not be responsible for any kind of profit or loss.)
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