Top Five Performing Multibaggers of 2016

Author: Bappaditta Jana

2016 has been an eventful year for the Indian Equity market. We have seen the Union Budget shaking the market on the last day of February, how the GST bill evolved over the year, the bloodbath in the market on cue from the surgical strike to the final sixer by the Prime Minister on 8 December- Demonetization.

With each of these events, the markets reacted accordingly. We saw high rise and low dive in the NSE benchmark index Nifty. But there are few stocks that have given consistent return almost throughout the year. Dynamic Levels have identified a list of top performing stocks with the potential to give high return. These are called Multibagger stocks.

Let’s take a look at such top 5 multibagger stocks that have given best return in 2016 since the Union Budget.

Out of Top 500 Shares, Dynamic research at the end of every month identifies the top performing stocks based on the fundamentals. These Multibaggers can be a great investment opportunity which can give you high return. These are well analyzed multibagger stock, based on our technical and fundamental research, traded in very high volumes. As observed, these companies multiply their earnings per share every year. These shares have a great potential to grow in the long run.

  • Thirumalai Chemicals- Since the Union Budget, the stocks has given a return of a massive 562.78 per cent. On the last trading session of 2016, Thirumalai Chemicals share price closed at Rs 764.40, up by 2.24 per cent. The market cap of the company is Rs 782.65 crores and there is no Promoter holding pledged.
  • Sudarshan Chemicals- The share witnessed a rise of 402.24 per cent since the Union Budget. Sudarshan Chemicals share price pulled the curtain down on 2016 at Rs 311.30 apiece on NSE, down by 1.95 per cent.
  • Kiri Industries- Shares of this chemical company returned 355.96 per cent since the Union Budget 2016. Kiri Industries share price closed at Rs 285.70, up by 1.02 per cent.
  • Tata Metaliks- With a rise of 344.73 per cent, Tata Metaliks is one of the best performing Multibagger stock of 2016. In the last trading session of 2016 Tata Metaliks share price closed at Rs 324.75, up by 0.12 per cent or 0.40 points.
  • GNFC-GNFC share price closed at Rs 213.60, up by 1.72 per cent or 3.60 points. The share returned 308.91 per cent since the Union Budget 2016.