6 Multibaggers Unearthed by Vijay Kedia and Mukul Agrawal in a Challenging 2025 Market
Even as 2025 turned out to be a difficult year for smallcaps and star investors, a handful of stocks that Vijay Kedia and Mukul Agrawal handpicked quietly delivered strong returns. These stocks stood out in a market marred by volatility and economic uncertainty, showcasing the importance of strategic investing and thorough research.
OSEL Devices emerged as a surprise winner in 2025, doubling investors' wealth during the year. Although the stock has cooled off from its peak, early investors continue to sit on strong gains. The company's innovative solutions and robust market presence played a crucial role in its success.
Zelio E-Mobility was one of the standout performers of the year, with shares rising about 192% in 2025. The rally came amid strong interest in niche EV-linked plays despite volatility in the broader SME space. The company's focus on sustainable and efficient electric mobility solutions resonated well with investors.
ASM Technologies delivered solid returns, climbing around 129% during the year. The stock benefited from steady demand in its core business even as technology stocks faced pressure globally. The company's ability to adapt and innovate in a challenging market environment was a key factor in its success.
Monolithisch India, which listed in June 2025, quickly turned into a multibagger. The stock doubled investors' money within months of listing, bucking the weak post-listing trend seen across many SME IPOs. The company's strong business model and strategic positioning in the market were instrumental in its rapid growth.
Zota Health Care saw its shares surge about 111% during the year before giving up some gains. Despite the pullback, the stock remains one of the better performers in an otherwise tough market. The company's focus on providing high-quality healthcare services and its expansion plans contributed to its strong performance.
TechD Cybersecurity, backed by Vijay Kedia, was listed in September 2025 at Rs 366 and went on to more than double investors' wealth. The stock rallied to around Rs 843 at its peak before correcting over the past month, still leaving early investors with significant gains. The company's expertise in cybersecurity and its growing demand in a digitally connected world were key drivers of its success.
These stocks highlight the importance of long-term, value-based investing and the potential for high returns even in challenging market conditions. Investors looking to navigate the complexities of the market can draw valuable insights from the strategies employed by these successful investors.
