The stock market can be volatile, and finding the best multibagger stocks in India requires a lot of research and analysis.
But with the proper guidance, investors can make informed decisions and reap the rewards of investing in stocks with the potential to be multibaggers. In this blog, we’ll explore the different characteristics of multibagger stocks and provide an overview of the best multibagger stocks in India that investors should consider.
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Best Multibagger stocks in India
Fineotex Chemical
Fineotex Chemical is an Indian chemical manufacturing company that makes a wide range of speciality, industrial, and institutional chemicals.
It is an excellent choice for investors seeking multibagger stocks because of its strong presence in the Indian market and rapidly expanding customer base. It has seen steady growth over the past few years and will continue to grow.
It manufactures speciality chemicals and auxiliaries for the textile, construction, water treatment and fertilizer industries.
The recent European energy crisis has been a boon for Indian speciality chemicals companies.
As a result, some client demand is shifting to India from Europe as many companies in India are temporarily closing their operations because of energy shortages.
According to company management, these orders will generate incremental revenues of Rs 1.5-2 billion, and it has projected a revenue of Rs 5.55 billion by the end of this fiscal year. Despite high market volatility, the company emerged victorious as it increased revenues from new orders while maintaining stable performance within its core divisions.
The company plans to double the company’s-company’s installed capacity to 1 lakh metric tonnes (MT) by September 2022. This compares to a 2020 capacity of 42,000MT.
West Coast Paper Mills
West Coast Paper Mills is a prominent player in India’sIndia’s paper industry and has expanded its international presence. This paper production company in India produces a wide range of high-quality paper products. The SK Bangur Group’s flagship company is based in Kolkata.
It is located in Dandeli, Karnataka, producing 3.2 lakh metric tonnes per annum (MTPA).
Due to the acquisition of Andhra Paper, the company reported strong financial results for the June 2022 quarter.
Mutual Funds have been steadily increasing their stakes in the company. They hold 7.96% of the company’scompany’s shares as of June 2022. This is an increase of 7.71% from June 2021.
More than 95% of total revenues are generated by the paper and paperboard division.
West Coast Paper Mills is another promising multibagger stock from India.
It has been expanding its presence in India’sIndia’s paper industry. In 2023, it is expected to be among the essential multibagger stocks.
Monte Carlo
Monte Carlo, an apparel and accessory company with a strong presence in the Indian market, is called Monte Carlo.
It offers a wide range of cotton, woollens, blended cotton, knitted, and woven apparel for children, men, and women.
It is well-positioned for the increase in demand for its products, including accessories, clothing, footwear and bags. It is well-equipped and has an excellent distribution network in India.
The company has experienced remarkable growth in both revenue and profits over the last few quarters as the textile company saw record sales in the June 2022 quarter due to lower cotton prices and substantial store addition.
The company plans to open 30 stores by March 2023, and 11 brand-new outlets were opened.
The company filed an exchange filing stating that it had strong demand from all revenue segments and that things were returning to normal.
The share price of Monte Carlo has risen 144% in the past year.
This year’s gains can also be attributed to the company being qualified for the government’s production-linked incent (PLI) scheme for the textile industry.
Maharashtra Seamless.
India’s steel pipe manufacturing company produces various steel pipes for the construction and automotive industries. It was established in 1988 and is part of the DP Jindal Group, including Jindal Pipes, Jindal Drilling Industries, and Jindal Drilling Industries.
The company manufactures seamless pipes at its Maharashtra manufacturing facility, Raigad.
It is the multibagger stocks market leader in domestic seamless pipes and can manufacture seamless pipes up to 20 inches outside diameter. Its products are used extensively in India and are expected to continue growing.
The Maharashtra Seamless share price has risen 163% in the last year. Its strong presence on the Indian market is an outstanding stock to invest in 2023.
TCPL Packaging
TPCL Packaging is another multibagger stocks in India. This company manufactures flexible packaging products and is present in various industries.
It manufactures folding cartons, printed outers and blanks, litho lamination and blister packs, and flexible packaging products for the food, FMCG and stationery industries.
The company has been in the industry for over three decades and maintains good relationships with suppliers and customers.
The Share price of TPLC Packaging increased by 140% in the past year.
Both FIIs and mutual funds remain bullish on this stock. The shareholding data of TPCL reveals that they have increased exposure over the past three quarters. These gains can also be attributed to the all-around financial performance and capacity addition; the second line was installed at the flexible packaging unit to increase capacity.
Conclusion
The best multibagger stocks in India offer investors the opportunity to get substantial returns over the long term. With careful research and a long-term investment strategy, investors can take advantage of the potential of these stocks and make their portfolios much more profitable. Investing in multibagger stocks can be rewarding, but it is essential to understand the risks associated with them and to make sure to have a diversified portfolio with different types of stores.
