Multibagger stocks: IDFC First Bank, RBL Bank to Equitas SFB — these 5 shares gave up to 185% return in one year
Multibagger stocks: Here are the top 5 private bank shares that have doubled shareholders' money in the last year: Karur Vysya Bank (180% return), Karnataka Bank (185% return), Equitas Small Finance Bank (135% return), IDFC First Bank (135% return) and RBL Bank (120% return).
Multibagger stocks: Amid stock market hitting record highs on a regular basis, Dalal Street has produced a good number of multibagger stocks in recent years. Among this list of multibagger stocks in 2023, banking stocks dominate the list as both private and PSU bank stocks witnessed sharp upside move throughout the year, which enabled Bank Nifty to hit life-time high before NSE Nifty and BSE Sensex.
Here we list out 5 private bank shares that have delivered multibagger return to its shareholders in last one year:
1] Karur Vysya Bank: Share price of this multibagger stock has been in uptrend for the last one year. As per the Karur Vysya Bank share price history, this private lender's stock price has ascended over 15 per cent in last one month while it surged around 20 per cent in the last six months. In last one year, Karur Vysya Bank share price has shot up from around ₹45 to ₹129 apiece levels, delivering around 180 per cent return to its positional long term shareholders.
2] Karnataka Bank: Share price of this private bank has been in uptrend for the last one month. In last one month, Karnataka Bank share price has surged from around ₹148 to ₹193, logging around 30 per cent rise in this period. In YTD time, this banking stock has risen from around 155 to ₹193 apiece levels, ascending around 25 per cent in this time. However, in last one year, this multibagger stock has risen from near ₹67.50 to ₹193 levels, clocking around 185 per cent rise in this time.
3] Equitas Small Finance Bank (SFB): This multibagger stock has delivered over 10 per cent return to its shareholders in the last one month whereas in YTD time, this private bank share has risen to the tune of 55 per cent. In last six months, this banking stock has surged to the tune of 65 per cent. In the last one year, Equitas Small Finance Bank share price has appreciated from around ₹40 to ₹93.80 apiece levels, which is just few per cent away from its life-time high of ₹94.90 apiece on NSE. In last one year, this multibagger stock has surged to the tune of 135 per cent.
4] IDFC First Bank: Share price of this private bank has risen from around ₹61 to ₹80 apiece levels, delivering around 30 per cent in YTD time. However, in last one year, UDFC First Bank share has surged from near ₹33.75 to ₹80 apiece levels, logging around 135 per cent rise in this time.
5] RBL Bank: Shares of this private bank have remained in base building mode after ushering in 2023. In YTD time, this private bank has given tepid less than 2 per cent return to its shareholders. But, despite reeling under the sell off heat for last six months, this private bank shares are one of the multibagger stocks in last one year.
In this time, RBL Bank share price as ascended from around ₹83.70 to ₹184.60 apiece levels, delivering around 120 per cent return to its shareholders in this time.
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