The June quarter proved to be very good in terms of the domestic stock market. During this, foreign investors made a lot of purchases in the domestic market, due to which the market boom returned after a gap of 6 months and they reached a new record high. After that, a continuous rally is being seen in the market and new highs are being formed one after the other.
41 multibaggers in 3 months
Investors have benefited a lot from this market rally. Many stocks in the domestic stock market have proved to be multibaggers during the June quarter. According to a news from ET, at least 41 multibagger shares have been seen in the domestic market in the first quarter of the current financial year. This means that during the first three months of the current financial year i.e. April to June 2023, these 41 stocks multiplied their investors’ money at least twice.
June quarter was like this
Foreign portfolio investors bought $13 billion in the domestic market during the quarter under review. This is the largest investment by foreign investors in the domestic market during any one quarter. During this period, the Nifty 50 index has seen a rise of more than 10 percent. On the other hand, in the category of companies with a market capitalization of at least Rs 500 crore, 41 stocks have proved to be multibaggers.
This stock became a multibagger
Titagarh Rail Systems, Tanla Platforms, Suzlon Energy, Texmaco Railsystems, JBM Auto, Jindal Saw Jindal Saw), Mazagon Dock Shipbuilders, Inox Wind Energy, Force Motors and Aurionpro Solutions.
This stock was at the forefront
During this period, JITF Infralogistics gave the highest return of 633 per cent. It was followed by Remedium Lifecare with 441 per cent. Aurionpro Solutions gave 219 percent and Shree Global Tradefin gave 200 percent return. Other names like Refex Industries, Patel Engineering, Master Trust, Ddev Plastiks Industries, KP Energy, Vaadar Ventures, The Fertilizers And Chemicals Travancore, KSolves India, Nintec Systems, De Nora India gave 130 to 192 per cent returns.
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