YES Bank, Tata Power, ITC, Suzlon, Reliance Power shares: 6 out of 10 top retail stocks turned multibagger in 1 year (2024)
As benchmark stock indices record high in Monday's trade, data compiled from corporate database AceEquity suggests six out of top 10 stocks on Dalal Street -- based on retail participation, delivered multibagger returns in the past one year. Two of these stocks delivered over 400 per cent returns!
YES Bank, where 49.10 lakh individual investors held 22.11 per cent stake at the end of December quarter, saw its shares rallying 54 er cent to Rs 23.20 level from Rs 15.05 level a year-ago. Two of three Tata group stocks in the list namely Tata Motors and Tata Power doubled investor money in the last one year. Tata Motors surged 136 per cent while Tata Power climbed 107 per cent.
Tata Steel, the third group stock in the top 10 retail list, advanced 49 per cent in the past one year. This was higher than the 39 per cent return delivered by the broader index BSE500 and 25 per cent return by the BSE Sensex. There were 41 lakh individual investors (12.78 per cent stake) with holding less than Rs 2 lakh in Tata Motors at December end.
There were 39.28 lakh retail investors in Tata Power (22.97 per cent) and 39.36 lakh retail investors in Tata Steel (17.02 per cent stake)at the end of third quarter.
Reliance Industries, which had 34.92 lakh investors, added 27 per cent during the period. Retail investors owned 7.68 per cent stake in India's most valued firm. Reliance Power shares soared 184 per cent in the last one year. This company had 34.86 lakh individual investors at 2023 end.
Shares of Suzlon Energy zoomed 412 per cent in the one-year period. This company had 34.62 lakh individual investors. India’s wind-turbine generators were hit by little capacity added and high debt. Suzlon, however, with 32 per cent of India’s installed wind-energy capacity, turned net cash (H1 FY24) for the first time since FY06, Anand Rathi noted.
"We expect the huge acceleration in wind-energy capacities benefiting listed OEMs, and the government of the day to be mindful of policy measures. Hence, we initiate coverage with Buy ratings based on 35x FY26e PE for Suzlon," the brokerage said.
ITC shares are up 11.76 per cent, underperforming the market. Indian Railway Finance Corporation Ltd shares surged 435 per cent while Vodafone Idea advanced 127 per cent during the same period.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
The stock has also given multibagger returns in the last 1 year, jumping 114 percent. Just in the 5 sessions of January, it has advanced almost 36 percent, extending gains for the 3rd straight month. Meanwhile, it rose 10.17 percent in December 2023 and almost 24 percent in November 2023.
Now Yes Bank can be treated as a multibagger stock as it has given us good signs for the future growth. 1 Yes Bank stock rose more than 10 percent following the Brickwork ratings to upgrade the Tier 1 subordinated perpetual Bonds . The ratings was changed from BWR D to BWR BB+/ Stable .
Tata Power Share Price Target 2024: The share price target ranges from ₹350 to ₹400, with an average of ₹375. Tata Power Share Price Target 2025: The target is set between ₹438 and ₹500, averaging at ₹469.
Utilities stocks do not always pay a dividend but as Tata Power Company Ltd pays dividends to reward its shareholders. In the quarter ending March 2024, Tata Power Company Ltd has declared dividend of ₹2 - translating a dividend yield of 0.48%.
The Dividend per Share of Tata Power Company Ltd is ₹ 2 as of 2024. The Dividend Payout of Tata Power Company Ltd changed from 19.88 % on March 2019 to 28.66 % on March 2024 . This represents a CAGR of 6.29% over 6 years. . The Latest Trading Price of Tata Power Company Ltd is ₹ 435.8 as of 11 Sep 15:30.
Reliance Power share price is poised for large growth from 2024 to 2030, driven with the aid of the usage of its strategic projects, operational efficiencies, and interest on renewable energy.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Reliance Power Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Introduction: My name is Gregorio Kreiger, I am a tender, brainy, enthusiastic, combative, agreeable, gentle, gentle person who loves writing and wants to share my knowledge and understanding with you.
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