Multibagger update: These metal stocks gained up to 5,340 per cent in five years; do you own any?

Nifty Metal index has lost 16.5 per cent of its value since the announcement of the measures on May 20. On the other hand, BSE Metal index plunged 4.3 per cent since the announcement.  

Foreign portfolio investors have been compelled to quickly sell their holdings in commodity producers as a result of the government's intervention in the basic commodities sector in late May to control unchecked price inflation.  

Foreign portfolio investors sold off metal equities worth Rs 6,754 crore ($854 million) in the past two months as a result of the abrupt change in the sector's outlook brought by the government's tough measures against metal exports, especially steel goods.  

The government unexpectedly increased the export duty in the latter part of May on steel and iron ore, which are two major raw materials used to make steel. In order to minimise input costs for steel manufacturers, the government also reduced import levies on coal imports. 

On May 22, the government imposed an export duty of 15 per cent on a selection of pig iron, flat-rolled products made of iron or non-alloyed steel, bars & rods, and various flat-rolled stainless steel products along with an additional 45 per cent on iron ore pellets, in an effort to rein in input prices and control rogue inflation. In a similar vein, the export tariff on iron ores and concentrates was increased from 30 per cent to 50 per cent.  

Nifty Metal index has lost 16.5 per cent of its value since the announcement of the measures on May 20. On the other hand, BSE Metal index plunged 4.3 per cent since the announcement.  

Even in these uncertain times, there are some multibagger stocks that have generated phenomenal returns, on the basis of good order books, expanding production capacities and strategic partnerships.

Following is the list of Multi-bagger stocks that have generated more than 500 per cent returns in the past five years:  

Data as of July 26, 2022.

1 comments on article "Multibagger update: These metal stocks gained up to 5,340 per cent in five years; do you own any?"

Brian Fernandez

When are your starting your "Multibagger" advisory?

7/28/2022 5:07 PM

Leave a comment

Name:	Please enter a name.
Email:	Please enter an email address. Please enter a valid email address.

Comment:

Please enter comment.

Add comment