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These 2 multibagger stocks gave consistent returns in every month of 2017

Avanti Feeds, Edelweiss Financial Services gained a minimum of 3 percent every month in the last ten months.

October 26, 2017 / 12:02 IST
Operating profit is the amount realized from a business's ongoing operations. It serves as a highly accurate indicator of the business's potential profitability because it excludes all extra factors. Moneycontrol analysis showed there are 7 companies from the BSE universe that have given at least 15 percent operating profit growth in FY20 compared to the previous fiscal year (FY19). We considered only companies where FIIs and MFs, both, increased stake in the first two quarters of FY21. Interestingly, in FY21 so far, all of them have been trading in the green and have gained between 20 percent and 190 percent. (Data Source: ACE Equity)
     
     
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    The Indian equity market has been witnessing a phenomenal run so far this year. On Wednesday, the benchmark indices closed on a high with Sensex peaking at 33042 and Nifty at 10295.

    During this year there were around 343 stocks from the BSE universe which more than doubled investors’ wealth.

    Moneycontrol ran a query to find out which stocks gave consistent price returns every month in the last ten months. There were only two stocks in the last 10 months which stood out --- Avanti Feeds, Edelweiss Financial Services. Both of the scrips gained a minimum of 3 percent every month in the last ten months.

    Avanti

    On a year to date basis, these two stocks gave stellar returns of 439 percent and 195 percent, respectively.

    Avanti2

    Outstanding Bottomline Performance

    In the last three quarters both these companies' quarterly profits also steadily rose reflecting their strong fundamentals.

    Avanti3

    FIIs & MFs:  However, FIIs & MFs have pared their stake in these two companies in the September quarter compared to quarter gone by. However, this does not necessarily imply that either of these two stocks may be an underperformer/non-performer.

    Avanti4new

    Ritesh Presswala
    Ritesh Presswala Research Analyst at Moneycontrol
    first published: Oct 25, 2017 07:42 pm

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