These Two Multibaggers Zoomed Over 3200% In One Year, Do You Own Them?

Presently there are two fundamentally strong stocks reflecting great buying opportunity for investors. These two stocks are offering massive potential to offer multibagger returns. Multibagger stocks are those stocks that have the potential to multiply in value in a short span of time. Below are the stocks:

1. Chennai Ferrous Ltd

The stock offers great opportunity for investors to give multibagger returns. The company Chennai Ferrous Ltd. Deals in the manufacturing of sponge iron, which is produced with the help of iron ore. It came into existence in 201 in Gummidipoondi, Tamil Nadu. The company declared a total income of Rs 54.71 crore during the period ended March 2022 as against the 28.09 crore reported in the period ended December 31, 2021.

It has posted a net profit of Rs 11.09 crore for that period ended March 31 as against Rs 8.14 crore reported in the period ended December 31, 2021. The stock of the company is currently priced at 224 apiece as on June 3 with a gain of 4.99%. It has already given a return of 3235% in just a span of 1 year. On June 3, 2021 the stock was priced at Rs 6.40 apiece. In the last three months only, the stock has given a potential return of 83.93%. The stock has touched a 52-week high of 236.55 and 52-week low of 5.70. Its market cap is 80 crore. The P/E is 3.19.

2. GTN Industries Ltd

This is yet another stock that has strong likelihood of giving multibagger returns. GTN Industries popularly known as GTNTL is a government recognized export house and star exporter. It operates through the retail business and textile segment. The textile segment of GTN provides a vast range of grey yarns, knitted fabrics, and knitted garments, among others. The Company has the two subsidiary companies Namely G.T.N Exports Ltd and Packworth Udyog Ltd. The Company belong to the Patodia - GTN Group. GTN Industries reported a net profit/ loss of 20.68 crore for the period ended March 31, 2022 as against the 13.59 declared in the period ended December 31, 2021. The market cap of GTN Industries is 108 crore. The PE is 2.27 and sector PE is 13.29. The stock has given a return of 3871.14 return in just one year. The current market price of the stock is 61. 10 as on June 3 with a gain of 0.83%. It has touched its 52-week high and low of 68 and 8.27.

Conclusion

Investors can invest in the above two stocks considering the returns the two have offered in one-year period. Also, the financials of the company paint a healthy picture.