Investors in the stock market always look for shares of those companies which can offer them stellar returns. When high returns are your ultimate aim for stock market investment, multibagger stocks serve the purpose. Multi-bagger stocks are those stocks which give a return of more than 100% of the investment. The term is mostly used to denote companies which have shown phenomenal growth in every aspect. In this article, we will discuss three multibagger stocks which have given stupendous returns.
Servotech Power Systems:
Servotech Power Systems is the first name which comes to our mind when it comes to multibagger stocks that have delivered attractive returns in 2023. Today, the share price of Servotech Power Systems closed 4.98% higher at Rs 171.65 per share.
This multibagger small-cap stock has delivered a 1,297.80% return in the last one year. The stock is up 439% when it comes to its year-to-date (YTD) performance.
Tirupati Tyres
Shares of Tirupati Tyres Ltd are one of the multibagger stocks that have delivered amazing returns. Tirupati Tyres shares last closed 4.98% higher at Rs 40.46 per share. The stock’s YTD performance is up 92.67%. In the last three years, the returns from the stock have gained 2,266%. The last one year returns from the stock have increased by 144.18%.
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Medico Remedies Ltd
The share price of Medico Remedies Ltd today closed 0.19% higher at Rs 80.40 per share. In the last one year, the returns from the stock have increased 360%, while the stock’s YTD performance is up 23.37%. The company has a market capitalization of 667 crore.
SJVN Ltd.
SJVN Ltd is another multibagger stock which has delivered good returns. The last one year and three-year returns from the stock are up 101% and 157% respectively. The stock’s YTD performance is up 66.72%.
In the domestic market, benchmark indices closed in the red today where Sensex was down 0.45% at 66,384.78 points, while Nifty 50 was down 0.37% at 19,672.35 points.