Jyoti Resins & Adhesives Ltd., Symphony, Vinati Organics, KEI Industries, and Borosil Renewables are among the stocks that have proven to be multibaggers in the Indian stock market. These stocks have shown significant returns over the past two decades, making them a lucrative investment option for long-term investors.
Jyoti Resins & Adhesives Ltd. has been the best-performing stock in this list, with its share price increasing by 5,281 times in the past 20 years. The company’s shares were trading at INR 1,408.30 on June 13, 2021, up from INR 0.27 on the same day in 2003.
Other stocks that have shown significant returns over the past two decades include Symphony, whose share price has increased by 3,064 times, KEI Industries, whose stock price has increased by 2,313 times, Borosil Renewables, whose share price has increased by 2,234 times, Vinati Organics, whose share price has increased by 1,572 times, and Ratnamani Metals & Tubes, whose stock price has increased by 1,495 times.
According to brokerage firm Nuvama, Vinati Organics is a stock to watch out for, with a target price of INR 1,945. The firm is positive about the company’s strong market position and expects long-term growth prospects. Another brokerage firm, Kieonot Capitals, has given a “natural” rating to Ratnamani Metals & Tubes, with a target price of INR 2,522.
Other stocks on the list of multibagger stocks include Poly Medicure, Bajaj Finance, Cera Sanitaryware, Safari Industries, Aero GreenTech, JSW Steel, Jindal Worldwide, and Relaxo Footwears. The share prices of these stocks have increased by 1,000 to 1,420 times over the past 20 years.
In conclusion, these stocks have proven to be lucrative investment options for long-term investors. However, it is advisable to seek the advice of a market expert before investing in the stock market.
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