15 multibagger stocks that gave up to 429% returns in last one year. Know more!

Indian equity markets have been robust in last one year. The last one year post demonetisation has been extremely unstable for Indian equity markets.  After initial round of jerks post the announcement of demonetisation, Sensex and Nifty have rallied over 25% in last one year.  Though performance of some stocks have not been up to the mark in the broader markets in last one year and the Indian economy has slowed down post demonetisation , few small and midcap stocks have came out as multibagger stocks and have rallied between 100-430% multiplying the money of the investors.

Here we are talking about Multibagger Stocks. This term which is mainly used in emerging markets, is generally referred as those stocks that gave over 100% returns to its investors. Subsequently a ten bagger stock is something which gives returns equal to 10 times the money invested in them and a twenty bagger stock gives a return of 20 times.

According to Amit Goenka of Multibaggerstocks.in, there are 15 multibagger stocks that had truly took a long jump and  made its investors “crorepati”.

Here we have rounded up the list of 15 multibagger stocks that have returned up to 429% in last one year up to November first week:

Mr. Goenka also said “all the above stocks have low or zero debt had have been performing on a consistent pace.”
According to Mr. Goenka, overall equity markets doesn’t look in a good shape for the time being and one should stay away from overvalued stocks and invest in fundamentally strong stocks for safe play.

Further, sharing outlook on overall Indian markets, Goenka added saying, “Expect Sensex and Nifty to cross 35,000 and 11,000 respectively before the end of the financial year. Though, earnings still remain a concern.”