Despite market volatility, 56 stocks have retained multibagger status, delivering up to 760% returns since March 2024. Smallcaps like Ashika Credit Capital, Aayush Art, and Indo Thai Securities led gains, significantly outperforming the broader market, which returned only 1.6%. The average returns of these 1,465 stocks stand at 9.14%, thanks to the weight thrown around by the above mentioned stocks. In contrast, BSE Sensex has managed returns of just 1.6%.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.