Multibagger Sugar Stock: Year 2022 has given many multibagger and multibagger penny stocks in a short period of about one and a half months. Sugar stocks are the best example of this. Sugar stocks are giving strong returns on the basis of increase in sugar prices since last 1 year and Government of India’s 19 per cent ethanol bleaching policy.
Here we are giving you a list of 5 such sugar stocks which have given multibagger returns in the last 1 year.
1]Sir Shadi Lal Enterprises: This multibagger stock has increased from Rs 41.10 to Rs 205 in the last 1 year giving a return of around 4 per cent to its shareholders. In the last 6 months, this stock has given a return of 60 percent while in 1 month it has given a return of 20 percent. The market cap of this smallcap sugar stock is Rs 107 crore. Its 52 week high is Rs 232.70 while 52 week low is Rs 32.75.
Shares of Hero MotoCorp slipped after Q3 results, Jefferies gave Hold’s advice
2]Shree Renuka Sugars: This stock has also proved to be the multibagger stock of 2021. It has every potential to become the multibagger penny stock of the Indian market in 2022. In the last one year, this stock has increased from ₹ 9.65 to ₹ 38. It has given a return of around 295 per cent in 1 year. In the last 6 months, this stock has given a return of 42 percent while in 1 month this stock has run up 18 percent. The market cap of this sugar stock is Rs 8130 crore. Its 52 week high is Rs 47.75 while its 52 week low is Rs 9.10.
3]Triveni Engineering: During this period, this multibagger stock has increased from Rs 71.70 to Rs 278.05. On a percentage basis, it has given a return of 290 per cent in this period. This stock has been witnessing an uptrend since last one year. In 6 months it has given a return of 60 per cent whereas in the last 1 month it has given a return of 14 per cent. At the same time, this multibagger stock has run up 24 percent in 2022 so far. The market cap of this sugar stock is ₹6,720 crore. The 52 week high of this stock on NSE is Rs 300.40.
LIC IPO: Policyholders cannot invest in the issue without these two things, know full details
4]Dwarikesh Sugar: In the last 1 year this multibagger stock has increased from Rs 27.05 to Rs 98.55 per share. It has given a return of around 265 per cent in this period. In the last 6 months, this stock has given a return of around 45 percent while in the last 1 month it has given a return of 12 percent. Its 52 week high is Rs 104 while its 52 week low is Rs 26.05.
5]Dalmia Bharat Sugar: In the last 1 year, this multibagger stock has increased from Rs 140.95 to Rs 421. In one year, the stock has lost nearly 200 per cent. Whereas in the last 6 months it has run up by 2%. However, since last 1 month this stock is trading sideways. The current market cap of this sugar share is Rs 3370 crore. Its 52 week high on NSE is Rs 516.55 while its 52 week low is Rs 139.
,