Rs 2 lakh invested in any of these 6 stocks would have become Rs 1 crore in 10 years

Moneycontrol finds there are six stocks in the BSE universe that have given multibagger returns over the past 10 years. So if someone invested Rs 2 lakh in any of these stocks ten years back, the amount would have become Rs 1 crore or more. It is very commonly said that the equity market rewards long-term investors. Moneycontrol finds there are six stocks in the BSE universe that have given multibagger returns over the past 10 years. So if someone invested Rs 2 lakh in any of these stocks ten years back, the amount would have become Rs 1 crore or more. Data Source: ACE Equity.

1. Avanti Feeds stock price has surged 29,150 percent, in the last 10 years from Rs 1.55 per share to Rs 453 per share. An investment of Rs 2 lakh in the stock would have become Rs 5.83 crore.

2. Caplin Point Laboratories stock price has surged 11,053 percent, in the last 10 years from Rs 3.16 per share to Rs 352.45 per share. An investment of Rs 2 lakh in the stock would have become Rs 2.21 crore.

3. Bharat Rasayan stock price has surged 6,324 percent, in the last 10 years from Rs 110.50 per share to Rs 7099.00 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.26 crore.

4. Ajanta Pharma stock price has surged 5,818 percent, in the last 10 years from Rs 25.04 per share to Rs 1481.85 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.16 crore.

5. Alkyl Amines Chemicals stock price has surged 5,162 percent, in the last 10 years from Rs 40.03 per share to Rs 2106.15 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.03 crore.

6. Bajaj Finance stock price has surged 5,085 percent, in the last 10 years from Rs 45.07 per share to Rs 2337.15 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.02 crore.

With 1,000% rally in 2 years, this stock steals the thunder, but analysts are cautious - Adani Green Energy (AGEL)

The stock of a clean energy firm has stolen the thunder on Dalal Street amid the recent Covid-triggered bloodbath. And Adani Green Energy (AGEL), a renewable energy entity of the Adani Group, made news by bagging the world's largest solar bid, which entails building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion.

The Ahmedabad-headquartered company was demerged from Adani Enterprises and listed separately in June 2018. Since its listing, the scrip has surged around 1,015 per cent from Rs 29.40 to hit an all-time high of Rs 328.35, indicating a gain of around 750 per cent. The stock has been hitting upper circuit limits since past two sessions on new deal win.

The Ahmedabad-headquartered Adani Group, which was founded by Gautam Adani in 1988 as a commodity trading business, has diverse interest across sectors including energy, resources, logistics, agribusiness, real estate, financial services, airport ..

The other group stocks too have been doing well on Dalal Street. Six of the stocks have spurted up to 93 per cent in the latest rally from the March market lows, sending the group's market-cap soaring 44 per cent to Rs 1.78 lakh crore from Rs 1.23 lakh crore.

Bankrupt turns Multibagger: Shares of this company have zoomed over 300% since March 2020

On June 01 2020, the shares of Alok Industries hit an upper circuit of 5 percent at Rs 19.50 with more than 1.23 crore buy orders on the BSE.

The stock has rallied 393 percent since its low of Rs 3.95 on March 31.

Alok Industries, a company that came out of bankruptcy, has turned out to be a multibagger for investors. The company was taken over by Mukesh Ambani led Reliance Industries Ltd (RIL) along with JM Financial Asset Reconstruction Company after the Ahmedabad bench of the National Company Law Tribunal (NCLT) had last year approved the joint bid of Rs 5,050 crore.

On Monday, the shares of Alok Industries hit an upper circuit of 5 percent at Rs 19.50 with more than 1.23 crore buy orders on the BSE.

After the company’s restructuring, the shares were listed on February 27 at Rs 14 which then fell to a low of Rs 3.95 on March 31. The stock has rallied 393 percent since then.

As on March 31, Reliance Industries owned a 37.70 percent stake in the Mumbai-based integrated textile manufacturer while 45.67 percent stake was held by other high net worth investors.

It was also reported that RIL has converted the company into a PPE manufacturer, helping produce COVID-19 protective gears at one-third the cost of those imported from China. The company has redeployed Alok Industries' manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment (PPE) to safeguard doctors, nurses, medical staff and other front line workers engaged in fighting the COVID-19 pandemic.

Capacity has been scaled up to produce more than 1 lakh PPE kits per day and cost has been slashed to nearly Rs 650 per unit from the about Rs 2,000 apiece imported price. The facility can also be used for exporting PPE in the future.

Reliance has integrated technology, raw material from its petchem plants and 10,000 tailors after re-engineering the plant. The production started in mid-April and has been quickly ramped up to now constitute close to a fifth of India's daily PPE production capacity.

Multibagger Stocks

Multibagger stocks are equity shares of a company which generate returns multiple times higher than its associated cost of acquisition. These stocks were first invented by Peter Lynch, published in his book 'One Up on Wall Street'.