The current market situation is not in favor of bulls but it’s time to buy in the dip for the long-term investors. Despite the fall, we have 10 stocks with 2X Return in the past year.
If you are looking to invest in stocks that can turn out to be multi-bagger, this list of stocks with 2x return can act as a guide for the stock selection. Investment in the stock market is subject to many factors but the fundamentals of a stock are one of the major things that constitute the long-term performance of the company. And, the companies with strong fundamentals only turn out to be multi-bagger in the long run.
Note – the returns are calculated taking absolute prices as of the 25th of May 2022 compared against the past year.
Stocks with 2X Return
Adani Group Stocks
- Adani Power – 198%
- Adani Wilmar – 74% (since listing)
- Adani Total Gas – 71%
- Adani Green Energy – 66%
- Adani Enterprises – 62%
- Adani Transmission – 49%
Adani group has been a consistent performer without any doubt making Gautam Adani topping the list of richest people in India as well as globally. At the same time, it is equally making rich the investors also. These stocks have crashed due to the recent fall in the market giving less than 100% return. In the past three years, all of these companies turned out to be multibaggers with more than 100% CAGR.
Borosil Renewables Limited – 110%
It hasn’t been a year since Borosil was trading at about 200 and now it happens to be crossing the 600 price mark. The company is in the business of manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors, and Greenhouses. Standing strong with more than 20% Return on Equity and Return on Total Capital, it is trading at a PE of 46. The company has strong fundamentals and is engaged in the business of clean energy making it more futuristic with a market capitalization of mere 7600 crores leaving scope to grow.
3i Infotech Limited – 400%
This is the company originally started as a back-office processing department by ICICI but now has become an eminent player in the IT Solution space. Despite struggling with the core fundamentals, it has outperformed the market giving a 4X Return in at least one year. But, when it comes to the future, the decision should be made by considering the declining sales and profit numbers. Also, a negative ROCE & ROE ratio should be accounted for. With a market cap of about 700 crores, it’s a penny stock.
Tata Teleservices (Maharashtra ) Limited – 800%
Again a multi-bagger stock but with not-so-positive numbers has outperformed the entire market. Giving an 8X return in just one year is the fact of making to this list. The company is getting in a better position day y day but is still in the mode of recovery only. Based on certain news, it is performing this well.
Tata Elxsi – 130%
Another stock with very strong foundations and standing strong with its business providing IT and design services to different industries, Tata Elxsi stands a chance to be the stock for the future as well. The ROCE of about 50% and ROE of almost 40% is what makes it unique and a strong contestant for the futuristic list of stocks. The sales and profit growth is what are clearly visible in the stock price itself.
Some of the stocks that outperformed the market and delivered an amazing return of 100% or more are as follows:
- Poonawala Fincorp Limited
- Fineolex Chemicals
- Godawari Power & Ispat Limited
- KPIT Technologies
- Manali Petrochemicals
- Tejas Netwroks
- Jaipraksh Power Ventures Limited
These are the stocks we have included in the list of stocks with 2x return based on their past performance. But, when it comes to future prices, a due analysis is required along the lines of fundamental and technical analysis.