Multibagger stocks are those that return multiple times the initial investment, or 100 percent higher returns, in a relatively short period of time.
Multibagger stocks are often defined as having strong fundamentals, growth potential, and great manufacturing methodologies and strategies.
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Here are the three stocks that turned into Multibagger in the Month of August
Universal Autofoundry Ltd
Universal Autofoundry Ltd is a Micro-cap stock with a market capitalization of Rs 335 Crore. The company’s shares were trading at Rs 281 apiece, down 2.73 percent on Friday from the previous close price.
In the month of August, The company’s share price increased from Rs 137.15 to Rs 282, generating multibagger returns of 105 percent. As a result, if an investor bought 1 lakh company shares a month before, their holdings are now worth 2.05 lakhs!
The company’s revenue has decreased by 6 percent year on year, from Rs 61.17 crore in Q1FY23 to Rs 57.56 crore in Q1FY24. During the same period, Net profit increased by 6 of Rs 3.35 crore to a profit of Rs 3.56 crore.
Universal Auto Foundry Ltd. is a company that makes iron castings. Which are used in passenger and commercial vehicles, earthmovers, tractors, construction and mining, compressors, pumps and valves, and general engineering.
Giriraj Civil Developers Ltd
Giriraj Civil Developers Ltd is a Micro-cap stock with a market capitalization of Rs 306 crore. The company’s shares were trading at Rs 765 per share on Friday.
In August Month, the company’s share price rose from Rs 337.20 to Rs 760.70, giving multibagger returns of 125 percent. As an outcome, if an investor bought 1 lakh company shares in the previous month, their investment is now worth 2.25 lakhs!
Giriraj Civil Developers’ revenue climbed by 14 percent year on year, rising from Rs 83 crore in Q1FY23 to Rs 95 crore in Q1FY24. Net profit grew by 18 percent from Rs 3.79 crore to Rs 4.50 crore over the same time.
Giriraj Civil Developers Ltd. is a civil construction company that builds roads, bridges, footbridges, earthworks, and a variety of other infrastructure.
Dynamic Services & Security Ltd.
Dynamic Services & Security Ltd is a Micro-cap stock with a market capitalization of Rs 132 crore. The company’s shares were trading at Rs 97.85 apiece, up 5 percent on Friday from the previous close price.
In August Month, the company’s share price rose from Rs 44.27 to Rs 93.20, giving multibagger returns of 110 percent. As an outcome, if an investor bought 1 lakh company shares in the previous month, their investment is now worth 2.20 lakhs!
The company’s revenue has increased by 14 percent year on year, from Rs 72 crore in FY 21-22 to Rs 82 crore in FY 22-23. During the same period, Net profit increased by 400 of Rs 2 crore to Rs 10 crore.
Dynamic Services and Security Ltd. offers solutions for Mechanised Cleaning, Conservancy, Housekeeping, Catering, Security, and Man Power Supply.
Written by Omkar Chitnis
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