Multibagger Stock: Indian indices outperformed last week and set new records. The NSE Nifty jumped nearly 0.94 per cent last week to reach an all-time high of 16,722. Apart from this, the BSE Sensex recorded a rise of about 1.06 percent, reaching a new record of 56,198. Last week, the S&P BSE Small-cap index had gained 2.56 per cent, while the S&P BSE Mid-cap index had gained 2.58 per cent. The month of August is nearing completion, as there are only two trading sessions left in this month. About 15 stocks have given multibagger returns this month. Know about the top 5 multibagger stocks among them.
Bombay Wire Ropes
The stock of ‘Bombay Wire Ropes’ listed on BSE SME has given around 165 per cent returns to its shareholders this month as the stock has risen from 9.29 per stock to 24.51 levels. Established in 1961, the company is one of the largest manufacturers of wire ropes in India and a leading specialized steel manufacturer. With a history of more than 50 years, the company has manufacturing units in Thane, Mumbai. The stock has given a return of around 1,030 per cent to its shareholders in the last six months. The stock has given 1,534 per cent returns to its shareholders since its listing on 20 April 2020.
This small-cap stock has risen 163 per cent this month. Its price has increased from Rs 13.31 per stock level to Rs 35.09 per stock. The stock has hit the upper circuit in all the 5 trading sessions this week, leading to an increase of around 21.50 per cent in the share price. The company has registered a growth of over 850 percent in the last six months, while its share price has registered a growth of more than 2,000 percent in the last one year.
The price of this small-cap stock has touched the 5 percent upper circuit in all the 5 trading sessions this week. Its shares have gained almost 21.50 per cent in the last 5 trading sessions. The stock has gained 163.5 per cent in this month as its share price has increased from Rs 51.65 per stock to Rs 136.10 per stock. The stock is beating the benchmark returns by a huge margin with returns of around 925 per cent in the last six months.
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.)
Also read: Multibagger Stock: This Multibagger Stock Made The Investment Of Rs 1 Lakh To 85 Lakhs