Multibagger Stocks: The year 2024 was very beneficial for many stock market investors. Here we have selected some such multibagger stocks of 2024, which have made investors rich by giving returns of up to 600%. Here are the 10 top multibagger stocks of 2024:
1. Shakti Pumps
Shares of Shakti Pumps have been performing well continuously for the last 2 years. In the year 2024, the shares of this water company have given returns of more than 600 percent to its investors. Earlier in 2023 also it had given multibagger return of 151%. This rise in the shares of Shakti Pumps has also got good support from the fundamentals. Between FY 2022 and FY 2024, the company’s net profit grew by 23% and revenue by 14%.
2. Insolation Energy
This stock has given excellent multibagger returns of about 330 percent in 2024. In October 2022, shares of this company were listed on the SME platform at an issue price of just Rs 38. Today its price is more than Rs 3,500.
3. Shaily Engineering Plastics
This stock has given an excellent multibagger return of 328 percent to its investors in 2024. So far this year, this stock has increased by about 8 percent. On Friday, January 3, 2025, it touched its all-time high of Rs 1564.85.
4. Piccadilly Agro Industries
This stock has given returns of about 260 percent in the last one year. This stock has given multibagger returns to its investors for 3 years in the last 5 years. Piccadilly Agro Industries’ net profit jumped nearly five times to ₹110 crore in FY24, while revenue grew 28% to ₹779 crore.
5. Jeena Sikho Lifecare
Shares of Jeena Sikho Lifecare have given good returns to shareholders since its launch in 2022. In the year 2024, it increased by 260 percent. Earlier in 2023, it had given multibagger returns of 352 percent. The company’s profit almost doubled to Rs 69 crore in FY 2024, while the company’s revenue increased by 59% to ₹ 324 crore.
6. Garware Hi-Tech Films
This stock has given excellent multibagger returns of more than 250 percent to its investors in 2024. Earlier in 2023 also, its shares had risen by 113%. The profit of this company manufacturing plastic products and films has increased at the rate of 20% in the last years. Its revenue growth during this period was 12%.
7. Shilchar Technologies
In the year 2024, this stock has given multibagger returns of about 220 percent. About two years ago, shares of Shilchar Technologies were available at around ₹500. On Friday, January 3, 2025, the price of this share ended at Rs 8429.30.
8. Ganesh Housing Corporation
This stock has given multibagger returns of about 200 percent to its investors in the year 2024. This stock is giving positive returns every year since 2021. In the last 4 years, the company’s shares have risen by almost 4000%.
9. Balu Forge Industries
This stock has given multibagger returns of about 185 percent in 2024. Earlier in 2023 also, its shares had soared by almost 200 percent. The market capitalization of crankshaft maker Balu Forge Industries is currently Rs 8520 crore. The company’s net profit increased by 141% to ₹94 crore in FY24, while revenue increased by 71% to ₹553 crore.
10. Waaree Renewable Technologies
This stock has given multibagger returns of about 180 percent to its investors in 2024. Till the year 2020, the share of this company was available at a price of less than Rs 10, but today it is available at a price of around Rs 1400. In the year 2021 alone, this stock had given a return of 2,024%. The company’s net profit increased by 167% to Rs 148 crore in FY 2024, while revenue stood at Rs 870 crore.
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