Returns up to 400%! These 9 stocks have become multibaggers for retail investors in 2021

Multibagger Stock: At least nine stocks of retail investors’ favorite of BSE 500 and BSE Midcap have become multibaggers in 2021. These stocks have given 100-400 per cent returns so far this year as compared to 25-31 per cent returns in the benchmark index. The market capitalization of these shares was over Rs 1,500 crore as on Thursday and their retail ownership was more than 20 per cent till the June quarter.

Balaji Amines, where retail ownership stood at 23.01 per cent as on June 30, is up 400 per cent so far. Retail ownership in this stock has remained stable for the two quarters of the year.

Happiest Minds, which was listed in September last year, has given solid returns of 316 per cent year-on-year. Retail investors held 23.02 per cent in the June quarter, up 427 basis points from 18.75 per cent in the December quarter.

Tata Elxsi has gained 212 per cent this year. The retail ownership of this firm of Tata Group is 29.46 percent. HFCL, Deepak Nitrite and Deepak Fertilizers are the three retail-heavy stocks that have seen a rally of 159-183 per cent in 2021.

In two of these stocks – HFCL (up 320 bps) and Deepak Nitrite (229 bps) – retail investors have increased their stake in the last two quarters. Retail ownership in these stocks was in the range of 22-28 per cent.

Sonata Software, Tata Motors DVR and Nocil have seen gains of 105-134 per cent this year. Retail investors mostly cut their positions in three stocks in the first two quarters of 2021. Still, they hold 22-32 per cent stake in the companies.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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