Multibagger Stocks of 2024: More than a dozen scrips grew investors money by 2x or 3x
New Year 2025, Top-performing Stocks of 2024: Dalal Street finally entered New Year 2025 on a positive note, after the headline Nifty50 index rewarded investors with a return of 8.8 per cent in 2024. Broad-based gains supported the market in the year gone by, reflected in a rally of almost 24 per cent each in the Nifty Midcap 100 and Nifty Smallcap 100 indices. Meanwhile, several stocks showered investors with multibagger returns in the eventful year that 2024 was. Here are some of these stocks and the growth rates they staged in 2024.
New Year 2025, Top-performing Stocks of 2024: Dalal Street benchmarks staged gains of about half a per cent each on Wednesday, January 1, as the humble bull entered New Year 2025. The positive start to the year comes after the headline Nifty50 index exited 2024 with a gain of 1,913.4 points, or 8.8 per cent, in a market supported thoroughly by the broader segments. The Nifty Midcap 100 and Nifty Smallcap 100 indices each rallied 23.9 per cent in 2024, reflecting investors' keen interest in the minnows. A number of stocks showered Dalal Street bulls with phenomenal returns with more than a dozen Nifty 500 stocks at least more than doubling investors' money. In a few cases, gains of even three folds were recorded during the year.
Multibagger Shares | Here is a list of some of these blockbuster stocks in the year that was:
- KFIN Tech (217 per cent)
- Motilal Oswal Financial Services (207 per cent)
- Oracle Financial Services Software (197 per cent)
- Anant Raj (187 per cent)
- Kaynes Tech (185 per cent)
- ABB Power (183 per cent)
- Dixon Tech (173 per cent)
- PB Fintech (165 per cent)
- Godfrey Phillips India (147 per cent)
- BSE (139 per cent)
- Amber Enterprises (134 per cent)
- Trent (133 per cent)
- RVNL (132 per cent)
- Cochin Shipyard (126 per cent)
- Blue Star (126 per cent)
- Zomato (123 per cent)
- Kalyan Jewellers (116 per cent)
- Firstsource Solutions (103 per cent)
- KEC International (101 per cent)
Source: Provisional exchange data
Among these, eight-odd stocks grew investors' wealth by 2.5 times or more during this period. These stocks are: KFIN Tech, MOFSL, OFSS, Anant Raj, Kaynes Tech, ABB Power, Dixon Tech and PB Fintech.
Multibagger Stock | Motilal Oswal Financial Services
MOFSL shares grew all the way to Rs 954-odd levels from the Rs 315 mark, having gyrated in a range of more than Rs 750 during the year.
Multibagger Stock | Oracle Financial Services Software (197 per cent)
OFSS shares exited 2024 near the Rs 12,790 mark all the way from Rs 4,340-odd levels a year ago.
Multibagger Stock | Anant Raj
The stock grew to Rs 855-odd levels by the end of 2024, having begun the year around the Rs 298 mark.
Multibagger Stock | Kaynes Tech
Kaynes Tech shares closed the year near Rs 7,417 all the way from levels of Rs 2,669-odd levels a year ago.
Multibagger Stock | ABB Power
The scrip called it a day at Rs 14,412-odd levels, having started 2024 at around Rs 5,457 apiece.
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