If you are looking for multibagger stocks, then check these shares, FII and MF increased stake

Everyone is looking for multibagger shares. These are stocks that are low in price but are very likely to climb. Such shares are very much liked by the investors. Moneycontrol has made a list of 5 such shares, check whether these shares are of your use or not.

Firstsource Solutions

This IT company provides outsourcing services. The shares of the company were trading at Rs 110.90 on 18 March 2021. Whereas on March 31, 2020, these shares were at Rs 27.50.

FII increased its stake in the company to 7.21 per cent in the December quarter. While their share was 6.56 per cent in the September quarter. Meanwhile, the fund house increased its stake to 11.17 per cent in the December quarter from 9.30 per cent in the September quarter.

Sales of Firstsource Solutions increased 29 per cent to Rs 1,351 crore in the December 2020 quarter from Rs 1045 crore in the same quarter last year. While the company’s profit grew by 35 per cent to Rs 121 crore. The company’s profit in the same quarter last year was Rs 90 crore.

Lumax Auto Tech

On March 18, Lumax Auto Tech shares were trading up 207 percent at Rs 153.40. These shares stood at Rs 49.90 as on 31 March 2020.

FII increased its stake in the company to 18.58 per cent in the December quarter. While their share was 18.32 per cent in the September quarter. Meanwhile, the fund house increased its stake to 4.50 per cent in the December quarter from 4.02 per cent in the September quarter.

Lumax Auto Tech sales increased 27 per cent to Rs 365 crore in the December 2020 quarter from Rs 287 crore in the same quarter last year. While the company’s profit grew by 90 percent to Rs 25 crore. The company’s profit in the same quarter last year was Rs 13 crore.

Jamna Auto Industries

Jamana Auto’s shares were trading at Rs 67.45 on 18 March 2021, up by 183 per cent as on 31 March 2020. The shares of the company stood at Rs 23.80 as on 31 March.

FII increased its stake in the company to 6.53 per cent in the December quarter. While their share was 6.34 per cent in the September quarter. Meanwhile, the fund house increased its stake to 7.75 per cent in the December quarter from 5.36 per cent in the September quarter.

Sales of Jamna Auto Industries increased 50 per cent to Rs 343 crore in the December 2020 quarter from Rs 229 crore in the same quarter last year. While the company’s profit grew by 198 percent to Rs 30 crore. The company’s profit in the same quarter last year was Rs 10 crore.

Indian Bank

Shares of Indian Bank were up 176 per cent as on 31 March 2020, trading at Rs 119.05 on 18 March 2021. The bank’s shares stood at Rs 43.10 as on 31 March.

FII increased its stake in the bank to 0.84 per cent in the December quarter. While their share was 0.82 per cent in the September quarter. Meanwhile, the fund house increased its stake to 2.54 per cent in the December quarter from 2.03 per cent in the September quarter.

Indian Bank’s interest income grew 83 per cent to Rs 10,027 crore in the December 2020 quarter from Rs 5,467 crore in the same quarter last year. While the bank’s profit grew 112 percent to Rs 526 crore. The company’s profit in the same quarter last year was Rs 248 crore.

JK Tyre

The shares of the tire company were trading at Rs 109.70 on 18 March 2021, with a 169 per cent rally as against 31 March 2020. The shares of the company stood at Rs 40.80 as on 31 March 2020.

FII increased its stake in the company to 2.99 per cent in the December quarter. While their share was 2.23 per cent in the September quarter. Meanwhile, the fund house increased its stake to 0.02 per cent in the December quarter from 0.01 per cent in the September quarter.

Sales of JK Tire increased by 26 per cent to Rs 2769 crore in the December 2020 quarter from Rs 2200 crore in the same quarter last year. While the company’s profit grew by 1880 per cent to Rs 231 crore. The company’s profit in the same quarter last year was just Rs 12 crore.

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