Stocks under ₹100: Suzlon Energy, Morepen Labs, and others have gained up to 295% in a year

Benchmark indices SENSEX and NIFTY have given returns of around 25% in the past year. Blue-chip stocks across sectors have driven key indices, which are hovering around lifetime high levels.

The broader market has also shown significant gains in the past year, since September 5, 2023. Some of the stocks have beaten the key indices and sectoral benchmarks. Here is a list of five stocks, priced under ₹100 and with a market capitalisation above ₹2,500 crore, that have given multibagger returns in the past year.

IFCI (Stock return: 295%)

The government infusing ₹500 crore into the Public Sector Undertaking (PSU) and its financial performance in FY24 triggered a rally in the stock. IFCI shares hit 52-week highs (₹91.40) in July 2024. In 2024, IFCI shares have given returns of 150%.

GTL Infra (Stock return: 265%)

The company, which deploys, owns and manages telecom towers and communication structures for wireless telcos, have gained from 4G and 5G rollouts by service providers. Consistent growth in wireless telecom subscriber base, rising internet users, 5G expansion and growth in rural connectivity have also supported GTL Infra shares.

The stock has gained around 89% in 2024, even though it reported losses in the past two quarters.

Suzlon Energy Ltd (Stock return: 222.12%)

Suzlon has bagged multiple projects in the past year, triggering a rally in its share prices. The company reported healthy financials with 15.8% EBITDA margins and concluded 2023-24 with a 428% jump in profit after tax (PAT). The renewable energy company has rallied around 97% year-to-date.

Morepen Labs (Stock return: 134%)

RattanIndia Power (Stock return: 148%)