Only buyers seen in these four multibagger stocks of 2021; check if you own any!

Yogesh Supekar
/ Categories: Trending, Mindshare
Only buyers seen in these four multibagger stocks of 2021; check if you own any!

The markets managed to stage a strong come back rally on Thursday. The crucial 17350 level in Nifty was comfortably broken on the upside indicating the strength of the bulls.

Following multibagger stocks of were seen locked in the upper circuit in Thursday trading session:

  1. CG Power: The shares of CG Power gained by ~5 per cent and managed to close at Rs 157.80 per share in Thursday trading session. The shares of CG power have gained by 253 per cent already in 2021 alone. The price volume breakout in the multibagger CG Power may attract buyers in the near term. The shares of CG Power have been witnessing a steady rise ever since it has seen a turnaround in its business led by the management takeover by Murugappa group. Multiple growth levers, healthy order book and strong management are seen boosing investing confidence in this multibagger stock so far. CG Power shares should be on your watchlist.

 

  1. Tata Tele: The shares of Tata Tele are seen trading higher after back-to-back buyer lock in the counter. There is a positive momentum in the telecom sector with shares of Vodafone and Bharti Airtel witnessing positive price momentum. There is buzz in the market that the promoters of Tata Tele – Tata Sons is committed to revive TTML. TTML has pan dedicated pan India optical fiber cable network needed for data transfer of TataNeu superapp. It is speculated that TTML will benefit from the launch of this superapp. TataNeu super app is expected to be a as successful as Amazon or Flipkart once operational and scaled up. TTML is also added to the MSCI Smallcap index, which means that the institutions will also be active in TTML. There is speculation that TTML will be debt free soon owing to the strong promoter backing. The shares of TTML have gained by 1480 per cent in 2021 alone and continues to build weight. In Thursday trading session the shares of TTML were up by ~5 per cent, locked in the upper circuit. TTML should be on investors watchlist.

 

  1. Lyka Lab: The shares of Lyka Lab managed to close higher by ~5 per cent at Rs 180.80 per share in Thursday trading session. Lyka Lab share price has jumped higher by 455 per cent in 2021 alone. The optimism in the shares of Lyka Lab is owing to the bulk deal were IPCA lab purchased 1.05mn shares of Lyka Lab at Rs 123 per share on November 23. This purchase tantamount to about 3.65 per cent stakes in Lyka Lab. Lyka Lab should be on investors watchlist.

 

  1. Olectra Greentech: The shares of Olectra Greentech were locked in the upper circuit in Thursday trading session after gaining by 5 per cent. Olectra Greentech is trading with optimism owing to the order received for 100 electric buses under the Centre’s FAME-II scheme, from the Goa government-run Kadamba Transport Corporation Limited (KTCL). The shares of Olectra Greentech gained by 525 per cent in 2021 alone while in one month the stock is up by 35 per cent.
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