3 Multibagger Stocks Of 2022 With 234% Return So Far In 2022

Stocks are said to be multibagger if they give cent percent or more returns in a short span of 1 year or less. Typically these stocks if say bought at a price of Rs. 100 and have the potential to become 2x, 3x, these are said to be multibaggers. These companies essentially start as small. Say when Bajaj Finance began to yield handsome returns it started as a small NBFC entity.Risky as to some hidden opportunity needs to be identifiedVolatile is another trait of multibaggersSo, getting to the topic of discussion, while for the headline index Nifty is down by over 6%, there are 3 stocks that have turned into multibaggers due to stock-specific reasons:Advertisement The refineries company in a YTD time has yielded return of 234%. The stock from a price of Rs. 102.65 as on December 31, 2021 has moved higher in price to the current price of Rs. 342.9 per share on the NSE.Typically it is due to stock specific moves as amid the Ukraine-Russia crisis, there has been a drag in the refining throughput and until the supply concerns abate there will continue to be high refining margin. So, likewise, Singapore GRMs in the Q4 period scaled to its 4-year high of $7.8 per barrel. So, this is the reason why refining companies that are standalone functioning on the same shall be prime beneficiaries of the high gross refining margin. So, this quarter i.e. Q1Fy23 shall also hold good for the company.Dolly Khanna, the celebrated investor, invested in the scrip in late April 2022. The refineries major has also raised higher in price on a YTD basis from a price of Rs. 43.1 per share as on December 31, 2022 to currently at Rs. 92.75, i.e. gains of 115.2% gains.The small cap entity is engaged in the business of refinery and manufacturing of refined petroleum products and it is for similar reasons that the company has gained on stock price.The companys total revenue in a 1-year period has more than doubled to Rs. 69832.8 crore, also the company after two consecutive year of losses has turned profitable with net income of Rs. 2958.25 crore in Fy22. This small cap company from the mining and minerals space has gained from a price of Rs. 73.85 per share as on December 31, 2021 to the current price of Rs.174.75 apiece on the NSE. The company is a holding company and operates through two segments namely Mining and Power.The company from being a loss making entity in Fy21 has turned into a profitable concern with net profit in the March ended quarter reported at Rs. 175.79 crore. The company has deepened its foray into lignite mining and also ventured into rare earth elements (REE) mining. For the development of REE assets, the company has roped in BCG other than McKinsey and Co.GMDC has delivered its best-ever annual results over the last five years and is the second-best in the companys entire life so far. Over the next few years, our focus will be to realise more and more world-class value-added products using the latest technologies & equipment. We have partnered with Boston Consulting Group (BCG) for strategic transformation; McKinsey & Co for the development of REE Assets; AT Kearney for the transformation of Thermal Power Project, and Deloitte to fast-track the six new lignite mining projects, said Singh-IAS, Managing Director, GMDC. This is just for knowledge as the markets are rather bottoming and are highly volatile so to find multibaggers in such a market is not an easy task.