These 5 Multibagger Stocks Have More Than Doubled Investors’ Money in 2023

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Curated By: Business Desk

Last Updated: September 07, 2023, 20:30 IST

 Apar Industries has given a 180% return to investors so far this year.

Apar Industries has given a 180% return to investors so far this year.

The year 2023 was a remarkable period for investors, as some stocks yielded high returns.

Equity benchmark indices BSE Sensex and Nifty closed higher on Thursday extending the gain for the fourth straight session in a row. BSE Sensex closed at 66,265.56 with a gain of 385 points while Nifty closed at 19,611. Both the key benchmarks have gained more than 8% so far this year. Amid the positive market sentiment, the year 2023 has been rewarding for investors, as some stocks yielded good returns so far since the beginning of the year.

People who bought the shares of the now-booming companies at the start of the year have seen significant returns. There are some companies that have turned to multi-bagger stock in only 6 months.

Let’s take a look at some of the companies which are giving good returns in 2023.

JBM Auto

JBM Auto is a company which manufactures key auto systems, buses and electric vehicles. The shares of this manufacturing company have given 185 % return on the investment so far. The stock closed flat at Rs 1,487.50 apiece on BSE before hitting session’s high of Rs 1,517 per share on Thursday. There has been a jump of 150% in the stock prices of this company in the last six months.

Apar Industries

The largest aluminium and alloy conductor manufacturer in the world, Apar Industries has given a 180% return to investors. The share prices of this company have increased almost three times compared to the value at the beginning of the year. The stock closed at Rs 4,881.50 apiece, up 0.18%, on BSE on Thursday. Shares of the company have grown more than 74% in the past three months and 172% so far this year.

Olectra Greentech

The company is primarily engaged in manufacturing electrical buses and polymer insulators. It has also turned into a multi-bagger stock. It has given a return of 150% to the investors till now since the beginning of the year. The stock closed at Rs 1,223.75 apiece on BSE on Thursday. The stock has gained 147% year-to-date (YTD).

Mazagon Dock Shipbuilders

The government has 84% stake in this company. So far, this year, the company has given 163% return to the investors. In the last year the stock has given a return of more than 400%. Shares of the company closed at Rs 2,087.75 apiece, up 9.59%, on BSE on Thursday.

Suzlon Energy

India’s leading renewable energy solutions provider has jumped 600% in the last three years and 130% in the past one year. So far this year the green energy stock has gained 127%. Shares of the company closed 1.43% higher at Rs 24.12 apiece on BSE on Thursday.

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