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Multibagger returns in 4 months! Few stocks that gave huge returns on Modi Wave

Author: Research Ranking
by Research Ranking
Posted: Aug 29, 2019

One of the proven ways to create wealth from stock markets is by investing in multibagger stocks. However many investors miss out on spotting multibagger stocks at the right time.

Stock markets witnessed huge correction post-Sep 2018, after the IL&FS saga unfolded. After months of correction, the stock market touched new highs as Prime Minister Narendra Modi won a massive mandate in 2019 general elections. The benchmark Indian indices Sensex and Nifty touched new highs of 40,000 and 12,000 respectively.

During the months before the election, there were a lot of doubts on Narendra Modi’s return to power for a second consecutive term. But the picture changed with India’s airstrike in Balakot. According to market experts the India’s airstrikes drastically improved Prime Minister Narendra Modi’s image as a strong leader which also improved his chances of winning a second term in the general elections that followed.

During the period between the airstrike in Feb and election results, there were few stocks which gave multibagger returns even as the overall market weakened. Most investors remained cautious preferring a wait and watch approach.

Name of stocks

Price on 26/02/2019

Price on 23/05/2019

Gain in %

Meenakshi Enterprises

2.5

9.8

292%

BCC Fuba India

5.14

10.93

113%

7NR Retail

31.5

90.3

187%

Ashari Agencies

5.85

14.34

145%

There is no doubt that four months is too short a period for a stock to generate multibagger stock returns. Some stocks which have given multibagger returns in 4 months between February 2019 and May 2019 are listed below:

While these above multibagger stocks have given phenomenal returns during the 4 month period preceding the elections, these stocks may or may not continue this trend in future.

That’s why it is important to check and evaluate a stock thoroughly to identify multibagger stocks.

The below pointers can help you in identifying multibagger stocks:

  • Look for companies which have zero or low levels of debt
  • Look for companies which are well managed
  • Look for companies which have consistent and growing earnings
  • Look for companies which have a scalable business model
  • Look for companies which have a monopoly in their sector

To summarize, the above pointers can help you to find multibagger stocks. It is important to remember that one of the key factors when investing in the best multibagger stocks are patience because good businesses require time to realize their true potential.

Get the best stock advice at Research & Ranking website. We are a SEBI registered wealth advisory firm in India. stock related any queries or issues contact to our support team and get the best stock guidance and support.

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Author: Research Ranking

Research Ranking

Member since: Aug 26, 2019
Published articles: 1

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