This stock has made investors smile with more than 1,300% gains in 2022. Take a look at the company's share price performance in the year 2022. It has experienced losses in seven of the past eight financial years.Īdditionally, there is extremely little turnover in the company. Just like Kaiser Corp, this is also a loss making company. In its latest quarterly result, the company recorded revenue of ₹1.1 bn which stood at ₹725 m a year ago in the same period. It sells terry towels, including kitchen towels, Christmas towels, beach towels, and bath towels. The business manufactures, processes, and trades yarn, fabric, ready-made clothing, and towels. SEL Manufacturing Company is a vertically integrated textile manufacturer. The shares price that traded at ₹49 in January, today stands at ₹965.
Theshare price of SEL Manufacturingsoared by more than 2,000% in 2022. The second company on our list is SEL Manufacturing. Take a look at the company's share price performance in 2022. This stock eventually rose to become one of 2022's quickest multibagger penny stock. In the market recovery, following the second wave sell-off at Covid, the share price of Kaiser Corporation has been soaring. Net profit stood at ₹37 m in the previous quarter which currently stands at a net loss of ₹9 m. Surprisingly, it is also a loss making company if the current quarter is considered. In its latest quarterly result, the company recorded net sales of ₹125 m which stood at ₹147 m a year ago, marking a fall of 17%. The rally doesn't seem to factor the company's financials. Through its subsidiaries, KCL has expanded its business into engineering goods, electric and mechanical heat tracing, and turnkey projects. Label, stationery, magazine, and carton printing are the core competencies of Kaiser Corporation (KCL). The share price which stood at ₹3 in January 2022, today trades at ₹93. Kaiser Corporation share pricehas zoomed more than 3,000% in 2022. The first stock on our list is Kaiser Corporation. Here's a list of companies that managed to give handsome returns to their investors in 2022. These stocks have turned out to be the best multibagger stocks in 2022 so far. How big gains are we talking? Over 3,000%!
Nevertheless, despite all this hoopla, a number of stocks have produced positive returns and have ignored the choppy market conditions. Many are predicting that we could just as easily see a bear market. The markets have been erratic since the beginning of this year and are expected to stay that way for the near term.
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