Multibagger stocks have gained significant attention in the investment market, especially in the past year. Amidst the continuous surge in the stock market, several private banks have emerged as top performers, providing substantial returns to their shareholders. In this article, we will explore five private bank shares that have witnessed exceptional growth, doubling investors’ money within a year. These high-performing stocks are Karur Vysya Bank, Karnataka Bank, Equitas Small Finance Bank, IDFC First Bank, and RBL Bank.
Private Bank Stocks Delivering Multibagger Returns
Karur Vysya Bank: Surging Ahead with a Remarkable 180% Return
The share price of Karur Vysya Bank has been on an upward trajectory over the past year. During the last six months, the stock witnessed a surge of around 20%, while in the previous month alone, it experienced an impressive growth of 15%. Investors who held this multibagger stock for the long term enjoyed remarkable returns as the share price soared from approximately ₹45 to ₹129 apiece, delivering an astounding 180% return.
Karnataka Bank: Riding the Upward Trend with 185% Returns
Karnataka Bank has also shown a remarkable uptrend in its share price. In the last month, the stock witnessed a surge from around ₹148 to ₹193, reflecting a rise of approximately 30%. Over the year, the stock skyrocketed from nearly ₹67.50 to ₹193 levels, providing investors with an outstanding return of about 185%.
Equitas Small Finance Bank (SFB): Impressive Growth of 135%
Equitas Small Finance Bank has been a shining star in the banking sector, consistently delivering exceptional returns to its shareholders. Over the last month, investors witnessed a gain of over 10%, while in the year-to-date (YTD) period, the share price rose by an impressive 55%. In the past six months, the stock surged by approximately 65%. Furthermore, over the course of a year, the share price of Equitas Small Finance Bank appreciated significantly, climbing from around ₹40 to ₹93.80 apiece, a staggering 135% increase.
IDFC First Bank: Notable Rise of 135%
IDFC First Bank has displayed a steady upward movement in its share price, rewarding its investors with attractive returns. In the YTD period, the stock experienced a growth of around 30%, rising from approximately ₹61 to ₹80 apiece. Over the past year, IDFC First Bank share price surged from about ₹33.75 to ₹80 apiece, reflecting an impressive gain of around 135%.
RBL Bank: A Multibagger Stock with 120% Returns
Despite facing some challenges in the early part of 2023, RBL Bank has managed to maintain its position as a multibagger stock. Although the YTD return stands at a modest less than 2%, investors who held the stock for a year witnessed a substantial increase in their investment. Over the past twelve months, RBL Bank share price soared from approximately ₹83.70 to ₹184.60 apiece, delivering a commendable return of around 120%.
Dominance of Banking Stocks in Multibagger Returns
The stock market has been scaling new heights consistently, and this trend has paved the way for numerous multibagger stocks. Among these high-performing stocks, banking stocks, both private and PSU, have taken the lead. The banking sector witnessed a significant upside move throughout the year, resulting in the Bank Nifty reaching an all-time high even before the NSE Nifty and BSE Sensex.
Conclusion
Investing in multibagger stocks can prove to be highly lucrative, especially in the private banking sector. Karur Vysya Bank, Karnataka Bank, Equitas Small Finance Bank, IDFC First Bank, and RBL Bank have emerged as top performers, providing substantial returns to their shareholders. These stocks have shown significant growth over the past year, rewarding investors who had the foresight to invest in them. With the banking sector continuing its upward trajectory, investors may find potential opportunities for impressive returns in the future.
