High Return Stocks: Can a stock really turn into ₹ 1 lakh crores in 1 year? Which stocks have done this? Are these multibagger stocks still worth buying? Do smallcap stocks always give such returns? What was the real reason behind such huge returns? Is it safe or risky to invest in it?
Multibagger Penny Stocks: It is said that there is no big game in the stock market without risk, but if your luck and research is right, then the market can make you a millionaire overnight. Sometimes some such shares come out which change the whole game. Similarly, 5 penny stocks have given indiscriminate returns in 1 year. These small stocks have created such a ruckus in the last 12 months that even the big giants are seen sinking. These stocks have surprised everyone by giving huge returns of up to 8,000% in 1 year. If someone had invested just ₹ 1 lakh in one of these hottest shares exactly a year ago, today its value would have increased to more than ₹ 80 lakh, that is, he would have become a millionaire. Let us know the story of returns of these five stocks…
Magnus Steel Share: Double dose of Agro and IT
This company was earlier in the business of agro-products (agriculture related goods), but now it is also providing IT services like computer software, hardware and BPO. This multibagger stock has grown investors’ money by more than 23 times by giving a return of 2,343% in 1 year. Its current price is ₹ 119.75. This time the company’s profit has increased by more than 590% in the quarterly results, which is further strengthening the confidence of the investors.
Shree Salasar Share: Unique confluence of finance and infra
This company, established since 1980, handles the work of financial services, infrastructure development and trading of shares/bonds in India and abroad. Its market cap is ₹174 crore. This share has given a return of 1,614% in one year and its price is now ₹ 250. The biggest reason for its becoming a rocket is its quarterly profit, which has seen an indiscriminate increase of 1117%.
Covance Softsol Share: The new age ‘AI’ star
This is the newest company in this list which started only in 2023. It mainly works in high-tech sectors like Artificial Intelligence (AI), Cloud, Machine Learning and Data Analytics. Since AI is all the rage these days, the shares of this new company also gave a return of 1,408% in just 1 year. Today its price is ₹ 160.30. Due to huge demand for technology, its quarterly profit has also increased by more than 428%.
SMT Engineering Share: Earned bumper profits from plastic
This 1984 old company manufactures plastic extrusion systems (machinery related to making plastic). A year ago its price was just ₹15.8, and today it is trading proudly at ₹420. It has given a return of 2,685% to its investors. The company has registered a huge increase of 466% in its net profit this quarter, due to which the stock is rising.
JTL Defense Share: Share of ₹4 reached ₹397
JTL Defense Company, operating since 1992, manufactures copper and copper related products (round and flat-rolled). Last year this share was crawling at just ₹ 4.81, but today it has reached ₹ 397.20. That means your money increased more than 80 times in 1 year. The company’s quarterly profit has also increased by more than 182%, which shows that the company is actually running a strong business and not just on paper.
Disclaimer: The information given in this article is for informational purposes only and should not be taken as investment advice. Investing in the stock market is subject to risks. Before investing money in any stock, definitely consult your financial advisor or market expert.