These 7 laggards of FY23 have given over 100% returns in FY24 so far

Investing in the stock market is quite risky, and picking the right stocks without thorough research can be challenging. However, there are instances where luck favors investors, resulting in even underperformers generating substantial wealth rapidly. In the current fiscal year FY24, a total of 133 stocks within the BSE universe, each with a market capitalization exceeding Rs 500 crore, have experienced multibagger growth in share price performance.

To pinpoint resilient stocks with impressive rebounds, ETMarkets has conducted an analysis on stocks that witnessed a decline of over 40% in the preceding fiscal year (FY23) and made bounce back with gains exceeding 100% in the current fiscal year (FY24). This screening has resulted in the identification of seven stocks (Data Source: ACE Equity). Interestingly, among these seven stocks, four exhibit more positive indicators than weaknesses, according to data from Trendlyne data.