Despite the turbulent market trends in the last month, some stocks managed to beat the benchmark indices and gave multi-bagger returns to their shareholders. Mint lists five stocks that have doubled shareholders' money this month.
The big picture: Margo Finance has surged from Rs 9.78 per stock levels to the Rs 26.73 mark in July this year, yielding around 173% return.
Ghaziabad-based engineering Goodluck India has zoomed from Rs 105.10 per stock mark to Rs 287.45 levels in July, amounting to 173.50% returns.
Fabric mills industry stock Binayak Tex Processors went up from Rs 453.60 per stock levels to Rs 1202.70 per share mark, yielding 165% returns in July. It has offered a 21.50% return in the last 5 trade sessions as well.
Unison Metals has rallied by 163% in this month after going from Rs 27.30 per stock levels to Rs 71.85 per stock mark.
Gita Renewable Energy has clocked in 156% returns in the last month, with its share price jumping from Rs 79.40 per stock to Rs 203.85 per stock levels in July. It has delivered around 21.50% return to its shareholders in last week's trade session.
Of note: A Rs 1 lakh investment in July 2021 would have turned into Rs 2.73 lakh in Margo Finance, Rs 2.735 lakh in Goodluck India stock, Rs 2.65 lakh in Binayak Tex Processors shares, Rs 2.63 lakh in Unison Metals and Rs 2.56 lakh in Gita Renewable Energy shares
31 Jul 2021
How Rakesh Jhunjhunwala's new airline can give Boeing a lifeline
Ace investor Rakesh Jhunjhunwala's plan to launch an ultra-low-cost airline could give planemakers like Boeing an opportunity to bounce back, and provide a boost to India's struggling airline sector.
Let's discuss in detail
Jhunjhunwala will collaborate with former CEOs of IndiGo, the country's biggest carrier, and Jet Airways to set up his aviation company Akasa Air, betting on domestic air travel picking up soon.
• Jhunjhunwala's new venture comes amid airlines losing billions of dollars. He plans on acquiring 70 aircraft within four years and will invest $35 million and would own 40% of the carrier.
Although it is a risky bet but still rakesh jhunjhunwala can consider this bet as the amount invested by him to start his airline company is only 0.8% of his total net worth
Now
Experts predict that there would be stiff competition between planemakers like Airbus and Boeing to lease the planes to big bulls aviation company, especially since Boeing does not have any other major operator for their 737 aircraft in India apart from SpiceJet.
• The majority of India's low-cost carriers (LCCs) - IndiGo, SpiceJet, GoFirst, and AirAsia India - operate a fleet of Airbus' narrowbody planes. While Boeing holds most of India's widebody market, competitive pricing and high costs have made LCCs and Airbus more dominant.
• Boeing's share of India's 570 narrowbody planes fell to 18% after the bankruptcy of one of its biggest customers, Jet Airways.
But amid rakesh jhunjhunwalas entry into aviation industry Boeing can get its indian business back on track ,,,,also
• An industry source said the venture could lead to Boeing's biggest deal of the year outside the US for 737s.
29 Jul 2021
The murky dealings of four funds invested in Adani’s empire
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#adani #adaniports
21 Jul 2021
what does baba ramdev say about patanjali ipo
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20 Jul 2021
Explained: The porn racket in which Raj Kundra has been arrested
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19 Jul 2021
Get a BMW and I pad for joining this company
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18 Jul 2021
Can paytm ipo give you massive returns
Can paytm ipo give you massive returns
18 Jul 2021
What does rakesh jhunjhunwala think about paytm and zomato
What does rakesh jhunjhunwala think about paytm and zomato
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