• user-img

    Asad Shaikh in News

    14 Feb 11:00 AM


    12 Nifty 100 stocks delivered multibagger returns since last Valentine's Day; check full list

    Zomato and Trent have led the Nifty 100 index with stellar returns, with Zomato shares generating a tremendous return of 207% and Trent shares rewarding shareholders with a massive return of 192%.

    While couples are celebrating Valentine's Day, retail investors have found their own reason to rejoice. Since last Valentine's Day, 12 stocks from the Nifty 100 index have delivered returns of over 100%. These stocks have gone from strength to strength, transforming into multibaggers and delivering impressive returns.

    Similar to a box of assorted chocolates, each stock yielded different returns, demonstrating that in the realm of finance, opportunities for favorable returns are abundant.

    While food deliveries and retail shopping are likely to see high demand today, two stocks from these sectors, namely Zomato and Trent, a Tata Group company, have secured the first and second position in the Nifty 100 index among top gainers in the last one year.

    Zomato shares have generated a tremendous return of 207%, spiking from ₹50.35 apiece to the current level of ₹154.75. On February 13, the shares hit a new 52-week high of ₹158. The shares are currently trading near their all-time high of ₹169 apiece.

    Trent shares have also generated a phenomenal return, and in CY23, it recorded a new milestone by crossing the ₹one lakh crore mark, and the company also posted a robust set of numbers for the December-ending quarter.

    Over the last one year, the company's share value has moved from ₹1,320 to the current trading price of ₹3,851 apiece, rewarding its shareholders with a massive return of 192%.

    Another Tata Group stock that delivered a multibagger return was Tata Motors, as the company also achieved notable milestones. The company's market cap has recently crossed ₹3 lakh crore, surpassing Maruti Suzuki's, reclaiming its position as the country’s most-valued automotive company after seven years.

    Among the Nifty 50, only Tata Motors delivered a multibagger return of 103% in CY23, and over the last one year, it gained 107%. On February 05, the stock touched a new all-time high of ₹950, coming close to the ₹1,000 mark.

    Source - MInt