A few stocks that gave them huge returns.
April was a great month for investors as a few stocks doubled in investment.
April was a great month for investors as there were a few stocks that gave them huge returns. In fact, a few stocks doubled in investment following a price spike.
Here is a list of 5 multibagger stocks that made investors happy last month:
WS Industries: This microcap company, which has a market capitalization of around Rs 310 crore, rose from Rs 32.55 to Rs 73.95 per share in the month of April. The stock is up 138% in the past month and over 360% in the past three months. Shares of WS Industries (India) Ltd touched the upper circuit in all five trading sessions last week. On Tuesday, the stock closed up 5% at Rs 79.32 each on BSE.
Maagh Advertising & Marketing Services: In April, this BSE-listed stock generated a high return of 128%. Shares of the company jumped in value from Rs 14.71 to Rs 33.61 per coin in April. The company has a market capitalization of Rs 10 crore. The stock closed down 5% at Rs 31.93 each on BSE on Tuesday.
Pulsar International: This BSE-listed share fell from Rs 45.09 to Rs 108.34 per share last month. This has enabled shareholders to benefit from returns of up to 140%. The stock hit the upper circuit in all five trading sessions of the week. Microcap stock has a market capitalization of Rs 34 crore and closed Friday with a trading volume of just 779. This means it is a low-float stock ideal only for high-risk traders. On Tuesday, the stock also closed up 5% at Rs 113.75 each on BSE. The stock has jumped more than 1,035% in the past three months and so far in the year the shares have returned more than 2,800%.
IB Infotech: This small cap stock rose in value from Rs 62.24 to Rs 142.42 per share last month. Shareholders enjoyed returns of almost 130% on their investment. It’s one of those low-volume stocks that has returned 300% so far in 2023 year-to-date. The stock has a market capitalization of Rs 17 crore. Shares of IB Infotech Enterprises closed nearly 5% higher at Rs 139.60 each on BSE on Tuesday.
Kakatiya Textile: This textile multibagger stock gained nearly 130% and rose from Rs 22.55 to Rs 51.55 per share in April. The stock has a market capitalization of Rs 28 crore. Shares of the company closed down 5% at Rs 48.98 each on BSE on Tuesday. The stock has jumped more than 117% in the past month.
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