Key Points
A study by ETMarkets shows that FY23 had at least 116 smallcap companies with EPS growth of more than 100%..
Among these 116 companies, 32 have given multibagger returns in the last one year with Apar Industries stock going up 4 times, followed by Anant Raj (227%), Safari Industries (219%), Waaree Renewable (210%) and Neuland Laboratories (196%)...
A recent study done by a team of analysts at Goldman Sachs shows that multibaggers in India usually have high realized growth rates, high capital return ratios, mid/small-cap bias, inexpensive starting valuations, domestic sector orientation and high promoter holding...
"While market cap categorizations and thresholds vary over time, about 70% of the multibaggers belonged in the bottom 250 of the NSE 500 constituents in their initial year (typically smallcaps) and only 12% belonged in the top 100 NSE 500 constituents (largecaps), suggesting multibaggers historically have been dominated by small and midcap stocks," Goldman said...
Domestic demand-centric segments like FMCG, Auto, building materials etc will gain traction as cooling off inflation revives demand in rural India and bottom end of urban India," it said.. Mutual fund data shows that the top 10 smallcap picks in May were Suzlon Energy, Mazagon Dock, Amara Raja Batteries, RBL Bank, Raymond, Birlasoft, Cochin Shipyard, Jubilant Ingrevia, Exide Industries and Kalyan Jewellers...
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