3 BSE stocks that gave multibagger returns of up to 207% in just 15 CY 2022 sessions
The Financial Sector Small Cap Certificate in the previous trading session was stuck in the 5% upper circuit at Rs. 133.4 per share. The share price as of Dec 31, 2021 was Rs. 43.5, logging is gaining 207% so far in 2022.
The company is an NBFC registered with RBI under the loan company category and is a subsidiary of KIFS Securities Ltd. – An integrated Khandwala company based in Ahmedabad, which is the flagship entity of the Khandwala group. The group is in the business of stock and commodity brokerage, arbitrage, custodial services and portfolio management.
In the FY22 quarter ending September, the company’s net profit stood at Rs. 1.38 crore compared to Rs. 0.56 crore in the same quarter of the previous year. The company’s net profit in the June quarter was Rs. 0.91 crore. The company’s operating profit recorded a 3-year CAGR of 51.25%. The shareholding of the promoters is 74.41%.
This stock zoomed from the price of Rs. 27.95 on Dec 31, 2021 to the last trade at Rs. 84.9 per share on BSE, yielding returns of 204% on a YTD basis. The company has posted such strong returns, led by 15 consecutive top circuit sessions. According to the company, there is no price-sensitive development driving the stock’s rally.
To take advantage of the opportunities in the textile space in the 1980s, AK Spintex began its operations in the area of fabric processing. A company based in Bhilwara-Rajasthan manufactures clothes, fashion accessories, etc.
Daulat Securities, based in Kolkata, was incorporated in 1949. The company is active in the field of stock brokerage. In the previous session, the certificate reached an upper circuit limit of Rs. 52.9. Since the beginning of the year, the return of the action is 162%. The reason for the increase in certificates is not known.
The company’s net profit for the period ending September FY22 was Rs. 0.8 crore compared to Rs. 0.26 crore in the same period last year. The company’s operating profit recorded a 3-year CAGR of 70.24%. The shareholding of promoters in the company is over 54%. However, the negatives of the stock include a bad ROE of 0.69%, a bad ROCE of 0.71% over the past 3 years.
3 BSE stocks that have given multibagger returns so far in Cy 2022
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The story is for informational purposes only and readers and investors should not construe it as advice or a recommendation to buy the rated scrips. Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Neither the company nor the author will be liable for any losses caused as a result of decisions based on the article.