These 4 steel stocks proved to be multibagger in 1 year, know whether there is still hope in them

The BSE Metal Index has outperformed its peers in the last 1 year. In the last one year, the metal index of BSE has seen a rise of 150 per cent, which is 3 times more than the 44 per cent growth of Sensex in the same period. 8 out of 10 stocks in the metal index have proved to be multibaggers during this period. Of these, Tata Steel, JSW Steel, and Steel Authority of India have increased the wealth of investors 3 times in just 1 year.

Eight out of 10 stocks have been such that have more than doubled the wealth of investors. Out of this, 4 have proved to be multibagger and out of this also APL Apollo Tubes is the stock which has performed the best in this sector with a gain of 317 percent.

Spark Capital Research There is a lot of positive about this sector. He believes that the steel sector seems to be in a great mood at the moment and all the stocks are looking at their decade high. Further growth in this sector is expected. Spark Capital Research has an eye on these 4 stocks. Hope to see more speed in them.

Tata Steel  | This stock has seen an increase of 259 percent in 1 year. On July 13, this stock was seen at Rs 1229. Giving Buy rating to this stock, Spark Capital has given a target of Rs 1600.

JSW Steel | This stock has seen an increase of 254 percent in 1 year. On July 13, this stock was seen at Rs 701. Giving Buy rating to this stock, Spark Capital has given a target of Rs 775.

Steel Authority Of India   | This stock has seen an increase of 251 percent in 1 year. On July 13, this stock was seen at Rs 125. Giving Buy rating to this stock, Spark Capital has given a target of Rs 165.

Jindal Steel & Power | This stock has seen an increase of 395 percent in 1 year. On July 13, this stock was seen at Rs 132. Giving Buy rating to this stock, Spark Capital has given a target of Rs 545.

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