These finance stocks proved to be multibaggers in the last one year, made investors rich


Share Market News: In the last 1 year, there has been a boom in Indian markets. The benchmark index Nifty 50 rose nearly 55 per cent during this period. Positive global signs, a growing economy, an increase in vaccination campaigns, as well as a sharp drop in COVID-19 cases, are some of the factors that contributed to this rally. Several stocks and sectors contributed to this growth in the Indian equity markets.

One such top performing finance sector is. This sector includes banks, financial institutions, housing finance companies, insurance companies, etc. The Nifty Financial Services Index has gained 65 per cent in the last one year, outperforming the benchmark Nifty. All the constituents of Nifty Financial Services Index were also positive in this period, with 6 stocks giving multibagger returns. Know about those stocks which have jumped more than 100 percent in the last 1 year:-

Bajaj Finserv:

  • This NBFC stock has given more than 200 per cent returns in the last 1 year.
  • It has grown by 110 per cent in just 2021 giving strong returns to its investors.








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    Cholamandalam Investment & Finance:

    • The stock has gained 152 percent in the last 1 year and is up 56 percent so far in 2021.
    • Founded in 1978, it is a large-cap NBFC firm with a market cap of ₹48,824 crore.

    State Bank of India:

    • Banking stock has risen by 142 per cent in the last 1 year and over 80 per cent in 2021 by YTD.
    • SBI is the largest public sector bank with a market capitalization of Rs 38 lakh crore

    Bajaj Finance:

    • The stock has gained 140 per cent in the last 1 year and has gained 48 per cent in 2021 as per YTD.
    • It is the most preferred NBFC stocks among investors as well as experts. It is one of the best, with a market capitalization of Rs 73 lakh crore.

    Piramal Enterprises:

    • This NBFC stock has gained 114 per cent in the last 1 year and 99 per cent in YTD in 2021.
    • The firm has recently acquired bankrupt DHFL. Its market capitalization is Rs.67,704 crores.

    Shriram Transport Finance:

    • The stock has gained 113 per cent in the last 1 year and 34 per cent in YTD in 2021.
    • The NBFC firm has a market capitalization of ₹37,178 crore and is the preferred choice of many analysts and investors.

    Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Investing as an investor) Always consult experts before starting. It is never advised to invest money here from ABPLive.com to anyone.)

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