Business News

Investors are always on the hunt for multibagger stocks, which can significantly multiply in value within a relatively short time period. The real advantage lies in finding stocks that not only deliver such impressive returns but also maintain consistent performance.An analysis of equities over the past four quarters revealed nine stocks that have consistently achieved gains of at least 25% in each of the last four quarters, thereby transforming into multibaggers.These stocks include Insolation Energy, Transformers and Rectifiers (India), Shilchar Technologies, V2 Retail, Housing & Urban Development Corporation, Sobha, NBCC (India), Paisalo Digital and Gujarat Themis Biosyn.<iframe title="Consistent Performers" aria-label="Table" id="datawrapper-chart-9t3wu" src="https://et-infographics.indiatimes.com/graphs/9t3wu/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="451" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();</script>One of the standout performers, Insolation Energy has delivered returns of 2,400% in the last one year period. Insolation Energy operates in the renewable energy sector, focusing on the production and distribution of solar energy solutions.Transformers and Rectifiers, meanwhile, is a close second in the list with a return of 700%. The company is involved in the manufacturing of a wide range of transformers, catering to various industries including power, industrial, and infrastructure sectors.Shilchar Technologies, a company specializing in the manufacture of transformers, has seen robust growth due to the uptick in infrastructure projects and industrial demand. The company's shares have delivered just over 500% returns in the reporting period.V2 Retail, a well-known name in the retail sector, has managed to capture healthy gains in the last one year by gaining 457%. State-owned Hudco, which is into financing housing and urban development projects across India, rose about 392% over the last four quarters.NBCC (India), another major player in the construction sector, has reaped the benefits of a number of government contracts and redevelopment projects, ensuring consistent growth, which was also reflected in the appreciation of stock price by around 301%.What should investors do?Indian equities are currently trading near all-time highs, buoyed by buying in index heavyweights, political stability, and foreign investors returning into the domestic markets.Technically, analysts said Nifty has achieved a short term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then the rally could extend towards 24,250-24,500 in the short term."No surprises to guess that the recent move has been supported by the private banking sector, which is a usual favourite among foreign investors," said Jaykrishna Gandhi, head of business development at institutional equities at Emkay Global Financial Services.At current valuations, a stock-specific approach may be prudent. Sectors like IT, capital goods, private banks and healthcare appear well-positioned to deliver consistent earnings growth," said Atul Parakh, CEO of Bigul.

Early on Friday, there was heavy rain in a few areas of Delhi-NCR, ahead of the monsoon's formal arrival. The ceiling of Delhi Airport Terminal 1 collapsed this morning due to heavy downpours.Metro service update:Yashobhoomi Dwarka Sector 25 Metro station's entry and exit will be closed due to heavy rainfall. Additionally, until further notice, the Aerocity Metro station to Terminal 1-IGI Airport shuttle service has been discontinued. All other lines will continue to provide regular services.&mdash; OfficialDMRC (@OfficialDMRC) Delhi has seen a lot of rain since last night, leading some to question if the monsoon has made it to the nation's capital. The monsoon will reach the nation's capital in two to three days, according to the Indian Meteorological Department's announcement on Thursday. The official declaration of the monsoon's arrival in Delhi has not yet been made.&mdash; ANI (@ANI) The main weather station in the city, Safdarjung Observatory, reported 154 mm of rain between yesterday and this morning, according to the India Meteorological Department (IMD).Rain earlier on Thursday caused Delhi's temperature to drop to 35.4 °C. Delhi has been suffering greatly from the intense heat, with nine heatwave days in June so far this year compared to none in 2023 or 2022.Delhi Airport news:A section of the canopy at the former departure plaza at Delhi Airport's terminal 1 fell this morning, resulting in one fatality and at least eight injuries. There was a temporary suspension of flight departures at Delhi airport's Terminal 1 following the collapse of its roof.&mdash; ANI (@ANI)