Check out the semiconductor stocks that have become multibaggers, delivering outstanding returns to investors thanks to the heightened optimism in the industry!

According to the Strategic Investment Research Unit (SIRU), the Indian semiconductor market has been estimated to be worth $23.2 billion and will continue to expand at a compound annual growth rate (CAGR) of 17.10 per cent to reach $80.3 billion by 2028.

The stock is up by 49.79 per cent in 1 year and gave multibagger returns of 178.87 per cent in the last 3 years.

This company stands tall as the sole manufacturer of Silicon (Si) Devices in India. Its comprehensive and integrated manufacturing facility in Baska, Gujarat, handles everything from Si wafer diffusion to device packaging. Its unique capabilities and holistic approach have earned it the admiration of industry leaders, and its expansion into manufacturing power equipment reinforces its role as a dominant force in the power electronics field.