Low-priced stocks that turned multibaggers in 2023 with improving quarterly performance

Many investors look for lower-priced stocks in hopes of achieving higher returns in a shorter time frame. This preference becomes even more appealing when a company's fundamentals are on the upswing and its stock price is on the rise. To identify such low-price stocks ETMarkets applied the following criteria — considered stocks trading below Rs 50 per share and having a market capitalization exceeding Rs 100 crore at the beginning of calendar year 2023.

To further narrow down the list, we selected stocks that had experienced a share price gain of over 100% in 2023 so far and had demonstrated sales and profit growth of over 10% in their June 2023 quarter results, compared to the same quarter in the previous year. Interestingly, all 7 of these stocks appeared very strong in SWOT analysis, according to Trendlyne data.