Multibagger Stocks: Stock or Rocket! 3,230 percent return in one year 59 stocks that turned multibaggers in fy23
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K&R Rail Engineering is at number two in this list. This stock has given more than 1900% return in the financial year 2023. Rajnish Wellness, Knowledge Marine & Engineering Works, Hardwyn India, Shilchar Technologies, Mufin Green Finance are among the companies with the highest returns. ), Axita Cotton, Imagicaaworld Entertainment and Apar Industries.
buy or not
Ravi Singhal, CEO of GCL Broking, said that most of these shares are penny stocks. That’s why trading in them is risky. Traders should follow strict stop loss. Many times these stocks do not give opportunity to cut the trade at stop loss point. He said that in case of Raj Rayon, it can be bought for around Rs.58. It has a stop loss of Rs 47 and a target price of Rs 99. He said that the stock of Rajneesh Wellness is good for investment on technical basis. It has a stop loss of Rs 12 and a target price of Rs 25 to Rs 37. In case of Knowledge Marine, the stop loss is Rs 800 and the target price is Rs 1500.
Mazagon Dock Shipbuilders, a PSU stock included in this list, has given 180% returns in the last one year. Apart from this, BLS International Services, The Karnataka Bank, Ujjivan Financial Services, Marathon Nextgen Realty, Apollo Micro Systems, Titagarh Wagons ( Titagarh Wagons), Rama Steel Tubes, The South Indian Bank, Choice International, Jupiter Wagons, Varun Beverages, Karur Vysya Bank Vysya Bank), UCO Bank and Atul Auto have also doubled investors’ wealth in the last one year.
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