Top 5 Multibagger Stocks in 2024

Top 5 multibagger stocks; The Market is recovering, and election results are close to announcement. At this point, You might be searching for some good stocks to invest in and what’s better than getting the top 5 Multibagger stocks of 2024?

Here we have provided you with Bset 5 multibagger stock you can consider while making your list of stocks to buy. But Before starting our List let’s understand something so you don’t get lost in the unexpected return or don’t take unwanted risk.

What is multibagger stock.?

Multibagger stock gives multifold returns in a very short period e.g. 200%, 300% return in a year or less than that. Multibagger stocks are the one secret behind the rich quick scheme. if you find just a few and you stick to those you can get rich very soon.

But the hard part is where to find these stocks because if it were easy everyone would find them and invest. you know it. It’s hard to filter and choose which stock would give a hefty return without making you lose.

Here we have given you a list of 5 Multibagger stocks that have given multiple returns and are still going strong. So if you are searching for the top 5 multi-bagger stocks you can consider stocks.
Lets open our box of Mutlibagger stocks.

Top 5 multibagger stocks

GTL Infra Share

GTL infra share current market price is around rs. 4 and its market cap stands at around Rs. 5000 crore.I mention this stock very often as this is the talk of the market.

GTL infra share has given more than 400% return in this year. And its still going very strong. Some of the biggest DII’s are part of it. Canara Bank, Bank of Baroda, Union Bank of India, LIC, Indian overseas bank ICICI Bank etc are just a few names in its shareholders list.

Though not everything is hunky dory in this company otherwise it wouldn’t have been a penny stock. GTL Infra Share has huge debt and the company is not in a good place to service it. another bad thing is that promoter shareholding in this company is only 3.28% and that too under pledged.

So, choose wisely. Let see GTL infra share target 2024, 2025,2030,2040,2050

Ace Software Exports Share

The current market price of ace software exports share is around rs. 258 and its market cap is around Rs. 165 crore. so a very small company but overpriced stock.

The stock has given more than 1100% return in just one year. working in the software export segment meaning an IT firm, a futuristic company has a lot of potential.

Promoters have recently increased their shareholding to 74% from 68% which is a good thing. the stock is still going very strong.

Now some negative points.

1. its average daily trading volume is very low (around 500 shares/day).
2. No FII, DII or Mutual funds have been invested in this company.
3. majority shareholding is with the promoters.

So, if you are choosing this stock please keep all these points in mind.

Suzlon Energy Share

Suzlon Energy share current market price is around rs. 53 and its market cap stands around rs. 73,000 crore. so a big firm with quite an affordable stock price.

Suzlon holds around 33% of the market share in wind turbines. Because it works in the renewable sector it has tons of orders. It’s the need of the hour that we shift to renewable energy and if this company holds this big market share it’s sure short that it’s gonna boom.

It has given more than 250% this year and after the budget analysts think it’s gonna boom. Profit-making firm with great working record. many people compare this stock with Adani green. Of course not in size but in its performance.

Thats why we have kept it in our list of Top 5 multibagger stocks list.

Know Suzlon share target 2024, 2025, 2030, 2040

IRFC Share – Top 5 Multibagger stocks

Indian Finance Corporation Ltd or better known as IRFC, current market price is around rs. 177 and its market cap stands around rs. 2,32,447 crore. Humongous company of NIFTY50. IRFC has broken the myth that only penny stocks can become multibagger stocks.

IRFC has given more than 450% in just one year and still going strong. The government is planning big reforms in railways after the Budget and in the coming 5 years. railway reforms would go through this company in turn benefiting its investors.

FII is holding around 1% and Mutual funds have less than 0.2%. because it’s a government firm it has almost no debt, on the contrary, it’s a debt-giving firm.

I couldn’t find anything negative on this firm but if you find something please comment below we will surely add that.

Jai Balaji Share -Top 5 Multibagger stocks

Its current market price stands around Rs. 930 and its market cap is around rs. 16,591 crore. works in metal industry.

Jai Balaji share has given more than 1100% return in just one year and still going very strong. company has steady profit and revenue. Quarterly numbers are surely very attractive. But compared to its stock price it’s not good enough.

Few negative points are;

1. it has a low average daily trading volume of around 40k-70k shares/day.
2. 30% of the promoter’s shareholding is pledged meaning the company has substantial debt.
3. majority of holding is with the public and promoters, no DII and mutual have invested in it.

So choose wisely.

Conclusion

We have included stocks of all kinds in our list of Top 5 multibagger stocks in 2024. penny stocks, Nifty50 stocks, stock with huge volume but comparatively low return and stock with huge return with low average trading volume.

The list doesn’t start or end here. these are just 5 of various multibagger stocks that you can search for yourselves.

But if you are choosing from this list choose very wisely. at this time these stocks are looking very good but scenarios change in just few days, so before making any investment decision analyse again.

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