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Zero Returns! This Multibagger Murugappa Group Stock Delivers Almost Nothing in 19 Months – Here’s Why
Zero Returns! This Multibagger Murugappa Group Stock Delivers Almost Nothing in 19 Months – Here’s Why

Zero Returns! This Multibagger Murugappa Group Stock Delivers Almost Nothing in 19 Months – Here’s Why

The stock has delivered almost no return (almost zero return) since the end of October 2023.

DSIJ Intelligence-3 Article rating: 3.7

CG Power and Industrial Solutions Ltd, a subsidiary of Tube Investments of India (which holds a 58 per cent stake), stands out as a spectacular 15-bagger—meaning an investment has grown 15 times over.

Three of the Murugappa Group stocks turn multibaggers from last Diwali to this one; top-performing stock delivers 121 per cent returns!
Three of the Murugappa Group stocks turn multibaggers from last Diwali to this one; top-performing stock delivers 121 per cent returns!

Three of the Murugappa Group stocks turn multibaggers from last Diwali to this one; top-performing stock delivers 121 per cent returns!

So, here is the performance of the stocks of Murugappa Group from last Diwali to this one:

DSIJ Intelligence-3 Article rating: 4.5

The performance of the benchmark index might not appear fascinating but the truth is that it has relatively outperformed its western peers. With this relative outperformance, there was one group that soared over 45 per cent from last Diwali to this one (custom-made index of this group of stocks)

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