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03 Jun, 2023
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Multibagger Stocks For 2022: Stocks That Have Topped So Far Despite a Virtual Selloff

Despite the domestic equities market’s selloff, only a few stocks have managed to post returns in the initial four months for the Multibagger Stocks for 2022. According to AceEquity data, at least half-dozen counters have surged between 100 and 180 percent from January to April 2022, while the identical number of equities has regrouped between 90 and 100 percent. The BSE Sensex, the benchmark indices, and the Nifty50 have lost 4% so far this year. The indices that track second-tier companies, such as smallcap and midcap stocks, have dropped by almost 5%.

As per market experts, market sentiment is being hurt by growing inflation, bond yield momentum, continuing FII outflows, growing commodity prices, the Russian-Ukraine war scenario, and supply chain obstacles. Global concerns have elevated the expenses for most producers. Corporate profits are projected to suffer, particularly for enterprises that are unable to forward cost elements to end consumers.

Peak demand has increased in the country as a result of 100 percent electrification and additional air conditioning penetration. The peak power shortage has increased to 3.9 percent, while coal inventory has decreased from 25 days to eight days. This is generating a favorable feeling for power businesses who were dealing with price to reserve ESG (Environmental, Social, and Governance) issues simultaneously

Between January and April 2022, Gujarat Ambuja Exports, Meghmani Finechem, Khaitan Chemicals & Fertilizers, DB Realty, Bharat Dynamics, and BLS International Services are the top stocks to buy. Interestingly, another 15 stocks have gained momentum by 70-90 percent within the period under consideration. Since the start of the year 2022, over 35 equities have increased by more than 50%.

Financial services and end-users, which account for nearly 50-55 percent of largecaps and particularly Nifty, have derated due to an issue in the consuming market. The weightages of that section are bigger in largecaps, which is why largecaps have lagged midcaps on the index front as well. In 2022, however, the bears have enjoyed dominant position over the bulls so far, as the proportion of wealth destroyers is bigger than the volume of wealth creators.


However, there are positive signs too. Investors can take consolation from these stats. CCL products (target price: 500), CRISIL (TP: 3,750), ICICI Pru (TP: 836), IGL (TP: 620), Prestige (TP: 621), Reliance (TP: 2,860), VMart (TP: 4,516), SunTeck (TP: 619) are among Yes Securities top picks for 2022.

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