Multibagger Stocks: Jyoti Resins & Adhesives leads the pack with a 5281x return in 20 years
Investing in the stock market can be a great way to earn massive returns, but it can also lead to significant losses. However, there are approximately 33 stocks that have given returns of more than 500x in the last 20 years. Some of these stocks are still bullish according to analysts.
Jyoti Resins & Adhesives has been the fastest money maker, with a whopping 5281x return for investors in the last 20 years. The stock was trading at just 0.27 paisa on June 13, 2003, and it has now reached Rs 1,408.30 (as of June 13, 2023).
Other stocks that have made investors rich over the years include Symphony (3064x), KEI Industries (2313x), Borosil Renewables (2234x), Vinati Organics (1572x), and Ratnamani Metals & Tubes (1495x). Havells India has also given a return of 946x during this period.
Brokerage firms are bullish on several stocks, including Titan Company, Bajaj Finance, and Vinati Organics. Cholamandalam Wealth Direct has set a short-term target of Rs 3350 for Titan, while KRChoksey has recommended investing in Vinati Organics at Rs 2051.
Jefferies has increased its target for Bajaj Finance to Rs 8310. The brokerage firm expects the company’s loan portfolio to grow at 26% and its RoE to increase to 25% between 2023-26.
ICICI Direct is bullish on Ratnamani Metals & Tubes due to its strong capital allocation strategy, healthy operating margins, net cash position, and robust balance sheet. The brokerage firm has given a buy rating and a target of Rs 2750 for the stock.
Disclaimer: The opinions and advice given by experts or brokerage firms on Moneycontrol.com are their own, and the website or management is not responsible for them. Users are advised to consult certified experts before making any investment decisions.
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