Multibagger Stocks of 2023 Plunge Over 25% in 2024: Should You Hold or Sell?
Many investors are looking at the multibagger stocks from 2023 that have tumbled over 25% in 2024. Should you hold onto them or cut your losses? Here’s a detailed analysis to help you decide.
Multibagger StocksMarket CorrectionInvestor StrategyStock Performance2023 To 2024Real Estate MaharashtraOct 09, 2024
The stock price has decreased by 26% in CY24, falling to Rs 2,596 from Rs 3,489 on December 29, 2023. In 2023, the stock experienced an impressive rally, rising by 166%. Key Strengths from Trendlyne's SWOT Analysis include
- Increasing Revenue every Quarter for the past 4 Quarters
- Annual Net Profits have improved for the last 2 years
- Book Value per share has been Improving for the last 2 years
- Company with Zero Promoter Pledge
- FII / FPI or Institutions increasing their shareholding
The stock price has dropped by 30% in CY24, reaching Rs 294 from Rs 420 on December 29, 2023. In 2023, the stock saw a significant rally, increasing by 339%. Key Strengths from Trendlyne's SWOT Analysis include
- Improving Net Cash Flow for the last 2 years
- Annual Net Profits have improved for the last 2 years
- Book Value per share has been Improving for the last 2 years
- Company with decreasing Promoter pledge
The stock price has fallen by 43% in CY24, declining to Rs 15 from Rs 27 on December 29, 2023. In 2023, the stock had a notable rally, gaining 128%. Key Strengths from Trendlyne's SWOT Analysis include
- Return on equity (ROE) improving since the last 2 years
- ROA has improved since the last 2 years
- Company with Low Debt
- Annual Net Profits have improved for the last 2 years
- Book Value per share has been Improving for the last 2 years
- Company with decreasing Promoter pledge
The stock price has decreased by 29% in CY24, dropping to Rs 565 from Rs 796 on December 29, 2023. In 2023, the stock enjoyed a remarkable rally, rising by 207%. Key Strengths from Trendlyne's SWOT Analysis include
- Annual Net Profits have improved for the last 2 years
- Book Value per share has been Improving for the last 2 years
- Company with Zero Promoter Pledge
- FII / FPI or Institutions increasing their shareholding
- MFs increased their shareholding last quarter
- Mutual Funds Increased Shareholding over the Past Two Months
The stock price has fallen by 34% in CY24, decreasing to Rs 613 from Rs 924 on December 29, 2023. In 2023, the stock had an impressive rally, gaining 185%. Key Strengths from Trendlyne's SWOT Analysis include
- Improving Cash Flow from operations for the last 2 years
- Improving Net Cash Flow for the last 2 years
- Annual Net Profits have improved for the last 2 years
- Company with Zero Promoter Pledge
- MFs increased their shareholding last quarter
The stock price has dropped by 35% in CY24, falling to Rs 107 from Rs 164 on December 29, 2023. In 2023, the stock experienced a significant rally, increasing by 322%. Key Strengths from Trendlyne's SWOT Analysis include
- Increasing Revenue every Quarter for the past 8 Quarters
- Increasing Revenue every Quarter for the past 4 Quarters
- Company with Zero Promoter Pledge
- FII / FPI or Institutions increasing their shareholding
The stock price has decreased by 39% in CY24, dropping to Rs 408 from Rs 671 on December 29, 2023. In 2023, the stock saw a notable rally, gaining 139%. Key Weakness from Trendlyne's SWOT Analysis includes
- Declining Cash Flow from Operations for the last 2 years
- ROA has declined in the last 2 years
- ROE has declined in the last 2 years
- RoCE has declined in the last 2 years
The stock price has fallen by 41% in CY24, declining to Rs 10 from Rs 16 on December 29, 2023. In 2023, the stock had a remarkable rally, increasing by 103%. Key Strengths from Trendlyne's SWOT Analysis include
- Promoter holding decreased by more than -2% QoQ
- Declining Revenue every quarter for the past 3 quarters
- Price below Short, Medium and Long Term Averages
- Near 52-Week Low
Investors should carefully consider these factors and their own risk tolerance before making any decisions. While some of these stocks show strong fundamentals, others have significant weaknesses that could impact their future performance.
Frequently Asked Questions
What is a multibagger stock?
A multibagger stock is a stock that returns multiple times the initial investment. For example, if you invest Rs 100 and the stock price rises to Rs 500, it is a 5-bagger.
Why did these multibagger stocks fall in 2024?
The fall in these stocks could be due to several factors, including profit-taking by investors, market corrections, or concerns about the company's growth.
What is bottom fishing in the stock market?
Bottom fishing is the practice of buying stocks that have fallen significantly in value, hoping for a rebound. It can be risky as some stocks may continue to decline.
What is a SWOT analysis?
SWOT analysis is a strategic planning tool used to identify the strengths, weaknesses, opportunities, and threats of a company or stock. It helps in making informed investment decisions.
Should I hold or sell my multibagger stocks that have fallen?
It depends on your risk tolerance and the company's fundamentals. If the company still has strong fundamentals and a good future outlook, holding might be a better option. Otherwise, it might be wise to cut your losses.
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