While the frontline indices Sensex and Nifty rallied nearly 17% so far in calendar year 2017, there are at least 13 stocks from the BSE-500 that turned multibaggers during the same period.
A multibagger is a stock which gives a return of more than 100% during a specific time frame.
Avanti Feeds, Indiabulls Real Estate, Future Lifestyle Fashions and Jaiprakash Associates are among 13 stocks on BSE-500, which doubled investors' wealth, zooming up to 187% in CY17.
Avanti Feeds, a leading manufacturer of prawn and fish feed and a shrimp processor and exporter, was quoting at Rs 490 levels on December 30, 2016, and has zoomed 187% to Rs 1,407 levels till Friday.
Indiabulls Real Estate has also rallied 187% from Rs 71 on December 30, 2016 to Rs 204 by Friday's closing. Another real estate firm Jaiprakash Associates has advanced 133% to Rs 18 during the same period.
Farm equipment maker Escorts, brokerage firm Motilal Oswal Securities and low-cost airline SpiceJet also managed to double their stock price in CY17.
ALSO READ: Who would have thought SpiceJet would rally 600% in two years!
ALSO READ: Who would have thought SpiceJet would rally 600% in two years!
| Stock price (Rs) | |||
|---|---|---|---|
| Company Name | 23-Jun-17 | 30-Dec-16 | Change (%) |
| Avanti Feeds Ltd. | 1407.85 | 490.95 | 187 |
| Indiabulls Real Estate Ltd. | 204.45 | 71.30 | 187 |
| Future Lifestyle Fashions Ltd. | 304.60 | 128.15 | 138 |
| Jaiprakash Associates Ltd. | 18.78 | 8.07 | 133 |
| Escorts Ltd. | 677.90 | 296.45 | 129 |
| Motilal Oswal Financial Services Ltd. | 1178.20 | 522.20 | 126 |
| Spicejet Ltd. | 128.05 | 57.20 | 124 |
| IIFL Holdings Ltd. | 584.90 | 262.40 | 123 |
| GIC Housing Finance Ltd. | 568.30 | 269.10 | 111 |
| Adani Transmission Ltd. | 118.65 | 56.50 | 110 |
| Sunteck Realty Ltd. | 443.90 | 216.15 | 105 |
| Can Fin Homes Ltd. | 3182.30 | 1581.40 | 101 |
| Minda Industries Ltd. | 603.75 | 300.95 | 101 |
| Source: AceEquity | |||
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%