The midcap index has grown by about 31 percent in the year 2024. At the same time, more than half of the stocks of this index have seen a multibagger increase.
In Monday’s news, we are going to talk about those stocks, which have registered a jump of 70 percent to 150 percent in the year 2024. At the same time, these 3 stocks are going to gain more in the coming time.
Oracle Financial Services
The share of Oracle Financial Services Software Ltd, a subsidiary of Oracle Corporation, has gained 157 percent in the current calendar year i.e. 2024.
The stock was trading at 4,214.85 on 29 December 2023, opening at Rs 10,850 on Monday, September 9. This stock has given its investors a profit of 149.06% in the last year.
PSU Stock Oil India’s Share Increased By 153%
The share of government-owned company Oil India Ltd has also made great gains in the year 2024. In the current calendar year, this stock has registered a jump of 153 percent.
On 29 December 2023, the shares of Oil India were trading at the level of Rs 248.23, which opened at the level of 626.10 on Monday.
This stock has given a profit of 235 percent to its shareholders during a year and its fundamentals are strong, which indicates growth in the coming days as well.
Trent Limited
The share of Trent Ltd, a company operating retail chains in India, has also seen record growth during the current calendar year. Since January 2024, this stock has risen by more than 130 percent.
On 29 December 2023, it was trading at the level of Rs 3056.15, which opened at the level of Rs 7,104 on 9 September 2024. It has returned a profit of the equivalent of 240 % for its investors in just one year.
Quick Fact
| Company name | Oracle Financial Services |
|---|---|
| Subsidiary of | Oracle Corporation |
| Growth in 2024 | 157% |
| Opening Price (Sept 9, 2024) | ₹10,850 |
| Previous Price (Dec 29, 2023) | ₹4,214.85 |
| 1-Year Profit Return | 149.06% |
| Possible Future Growth | Yes |
Quick Fact
| Company name | Oil India |
|---|---|
| Ownership | Government |
| Growth in 2024 | 153% |
| Opening Price (Sept 9, 2024) | ₹626.10 |
| Previous Price (Dec 29, 2023) | ₹248.23 |
| 1-Year Profit Return | 235% |
| Fundamentals | Strong |
| Possible Future Growth | Yes |
Quick Fact
| Company name | Trent |
|---|---|
| Sector | Retail Chains |
| Growth in 2024 | 130%+ |
| Opening Price (Sept 9, 2024) | ₹7,104 |
| Previous Price (Dec 29, 2023) | ₹3,056.15 |
| 1-Year Profit Return | 240% |
| Possible Future Growth | Yes |
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