Top 15 Multibagger Stocks for 2024 in India: “Welcome to Yono Informer! Get ready to uncover the top 15 multibagger stocks for 2024 in India. Our expert analysis and insights will guide you through potential investment opportunities, helping you make informed decisions for a prosperous financial future. Stay ahead of the curve with Yono Informer!
Top 15 Multibagger Stocks for 2024 in India
To get better returns in the share market, stocks with strong fundamentals and the timing of buying them should be right, today here we are going to tell you about the Top 15 Multibagger Stocks for 2024 in India which are Can give very good returns in future. Now I am posting 15 multibagger stocks name with small description below.
Reliance Industries Limited (RIL):
A cornerstone of the Indian economy, RIL continues to diversify its business portfolio, particularly in the digital and retail sectors, making it a compelling long-term investment. Motilal Oswal has buy call on Reliance Industries with a target price of Rs.3210. The current market price of Reliance Industries is Rs.2936.05. Reliance’s share price in 2030 is predicted to be between Rs.10400 to 7825.
Bajaj Finance:
Known for its robust risk management practices and diversified product offerings, Bajaj Finance is poised to capture market share in India’s rapidly expanding consumer finance segment. Shares of Bajaj Finance have delivered over 4000 percent return to their shareholders in the last 10 years.
State Bank of India (SBI):
As India’s largest public sector bank, SBI benefits from its vast branch network and diversified business segments, offering stability and growth potential to investors. State Bank of India has an average target of 791.27. The consensus estimate represents an upside of 3.26% from the last price of 766.30. View 34 reports from 12 analysts offering long-term price targets for State Bank of India.
Tata Motors: Top 15 Multibagger Stocks for 2024 in India
With a renewed focus on electric vehicles and expansion into international markets, Tata Motors is well-positioned to capitalize on the shift towards cleaner transportation solutions. Tata Motors Share Price Target 2026, target moves up to ₹1,569, with a forecasted range between ₹1,504.38 and ₹1,634.63.
SJVN:
SJVN is a government owned solar panel manufacturing company and is also a multibagger stock. The company has received an order from Gujarat Urja Vikas Nigam Limited for 500 MW solar project. The company estimated the estimated cost of construction and development of the said project to be Rs 2700 crore and this project will be developed in the GIPCL Solar Park located in Khavra, Gujarat. This stock has given a strong return of 220% in a year.
PAYTM one 97 Communication:
There was a huge decline in the stock of Paytm after the strictness of RBI. RBI had banned Paytm Bank. And now Paytm has got approval to become a third party app provider in UPI. This includes Axis Bank, HD FC Bank, SBI and Yes Bank. Based on this, Paytm’s stock can take off again.
COAL INDIA:
Brokerage firm has advised to buy on Coal India stock. The target per share has been kept at Rs 550. The share price closed at Rs 453.25 on April 16, 2024 and this share can give 29 percent return in future. This multibagger PSU stock has risen from nearly ₹223 per share to ₹455 apiece on NSE in one year, recording the tune of 105 percent appreciation in this time horizon.
RVNL: Top 15 Multibagger Stocks for 2024 in India
Railway PSU Stock Rail Vikas Nigam is a multibagger stock. In the information given to the stock market, the company said that it has received an order worth Rs.339,23,39,131.520 crore from Maharashtra Metro Rail Corporation Limited (MM RCL). Let us tell you that Multibagger Railway PSU stock has shown a rise of more than 290% in a year.
ICICI BANK:
Brokerage firm houses and experts have given strong buy rating on ICICI Bank stock. The target price of the share has been kept at ₹ 1300. The stock closed at Rs.1068.75 on April 16, 2024. This share can give a return of 20% in future.
ITC: Top 15 Multibagger Stocks for 2024 in India
ITC comes in the top stock list in Top 15 Multibagger Stocks for 2024 in India. The brokerage firm has given buy advice on ITC stock and its target per share has been kept at Rs.515. The share price closed at ₹426.45 on April 16, 2024. This stock can give 23 percent returns in the coming time.
Axis Bank
Axis Bank is also a high quality stock among the Top 10 Multibagger Stocks for 2024 in India. Its market cap is Rs 3,23,469 crore. Experts have given a 90% buy rating on the stock. This stock has declined in the last one month and according to the brokerage house, now is the right time to buy.
Looking at the performance of Axis Bank in the last one year, this share has increased by about 28%. And it may increase further by 17 to 18% in the next 1 year. Its upside target has been kept at Rs.12,50.
HDFC Bank
Hdfc Bank is a top quality stock. Its fundamental is Rs.1103152 crore. The brokerage house has given a 90% strong buy rating on this stock. Many top mutual funds also have investments in HDFC Bank. The share price of HDFC Bank is currently trading at Rs.1512 and its 52 week high is Rs.1757.
TATA GROUP : Trent Ltd
Brokerage on Tata Group’s multibagger Trent Limited stock says that this stock will shine further. Its 1 year target has been kept at Rs.4,304. This share has given a return of 207% in the last 1 year. The market cap of Trent Limited is Rs.144337 crore. And the company is continuously running in profit.
PSU stock BEL:
The global brokerage firm has selected Bharat Electronics Limited from the Défense sector for purchase. Along with bullish rating on the stock, an upside target of Rs.263 has also been given.
BEL company has announced interim dividend on March 15. The record date for this has been fixed as March 23. Bel Short term valuations have become very good after the recent decline. The order book and sales are better than other companies in the segment. The company received an order worth Rs.1940 crore on March 14. According to exchange filing, Bel’s total order book has increased to Rs.32,716 crore.
Trident: Top 15 Multibagger Stocks for 2024 in India
Long term investing can be life changing when you buy and hold the truly great businesses. And we’ve seen some truly amazing gains over the years. Just think about the savvy investors who held Trident Limited shares for the last five years, while they gained 555%.
Team Conclusion (Top 15 Multibagger Stocks for 2024 in India)
In summary, the “Top 15 Multibagger Stocks for 2024 in India” guide by Yono Informer presents promising investment opportunities based on thorough analysis and market trends. These stocks exhibit potential for substantial returns over the year. Investors are advised to conduct further research and consider their risk tolerance before making investment decisions. With careful consideration and strategic investment.
FAQ
Long-term stock investments tend to outperform shorter-term trades by investors attempting to time the market.
Year on year, any returns on your investment get invested again and, just like that, your money could grow even further over time.
For most investors, the holding period for long-term assets ranges from at least 5 to 10 years.
The Most Favourable Conditions. The best time to buy stocks is when the share prices of a given stock are at a low.
Diversification is good, but too much of it can be bad. So, the average diversified portfolio contains between 20 and 30 stocks.
