Multibagger Stocks: There is havoc in the stock market today. Sensex is trading down 1144 points at the level of 57,014. This year the market has been fluctuating continuously for the last few weeks. Sensex and Nifty were at record high in 2021. During this time there was a lot of companies to bring IPO. 2021 may have been fine for companies bringing IPO, but the market is upset due to Russia’s attack on Ukraine in 2022, fears of Fed Reserve raising interest rates.
But despite this, the returns of some stocks have been excellent. There are many such stocks of microcaps and smallcaps which have given excellent returns to the investors in just two months of calendar year 2022.
One such share is of KIFS Financial Services. If we look at the list of multibagger stocks of 2022, then its returns have been the highest. Shares of KIFS Financial Services have gained 5% every day since December 31, 2021 for 30 days. So far its shares have given 500% return this year. Seeing the price chart of the company’s shares, you will be surprised that after the weakness in 2021, what is the reason for this boom. BSE has sought clarification regarding this sudden boom, after which the company has given this information in its clarification.
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What is company cleaning?
This sudden boom in the market is not related to any decision taken by the company. This trading is being done purely on the assumption of the market.
As you can see the reason for the 500% rally in the shares is not the company’s decision. Because of this, market experts are surprised due to this boom. There has also been no major change in the balance sheet of the company which can be attributed to the rise in the shares.
KIFS Financial Services is a Non Banking Finance Company. It offers loans for margin trading, pledging of shares and loans to retail investors for investing in IPOs.
Shanti Educational Initiatives
The rally seen by investors in the shares of KIFS Financial Services, the same rally was seen in the shares of Shanti Educational Initiatives this year.
Shares of Shanti Educational Initiatives have given 300% returns in 2022 so far. Its shares have been touching the upper circuit continuously for the last 30 days. This share of smallcap segment has increased from Rs 95 to Rs 385 this year. That is, so far this year it has given a return of 300%. Shanti Educational Initiatives provides education services.
Last month, the company released its December quarter results. The company’s revenue grew 463% to Rs 10.1 billion between October-December, from just Rs 1.8 billion in the same quarter last year.
DB Realty is also among the stocks giving multibagger returns this year. So far in 2022, it has given a return of 175%. This may accelerate further in the coming months. The reason for this boom is that well-known investors Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala are buying 2 crore warrants of the company. Interestingly, Jhunjhunwala has invested in it even after Godrej Properties canceled its plan to invest in DB Realty.
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