FY22 Review: A look at the biggest wealth creators of FY22

Pranati Deva
Updated: 03 Apr 2022, 09:20 AM IST
TL;DR.

Bulls remained in control on D-street despite volatility in FY22 with the Nifty surging 19 percent in the last 1 year. Over 500 stocks turned multibaggers, more than doubling investor wealth during the year. With the domesting investing continously pouing in money, experts remain bullish on equities and believes that India has the potential to keep the markets resilient even in the midst of the uncertainty caused by the Ukraine war. Let's take a look at the top money makers of the year. (Disclaimer: This story is for educational purposes only. Please speak to an investment advisor before making any investment decisions.)

Cosmo Ferrites: The stock surged as much as 3,237 percent just in the last 1 year, from ₹17.5 on March 31, 2021 to ₹534 on March 31, 2022. Cosmo Ferrites Ltd manufactures soft ferrites components that are used in various applications like lighting, power conditioning, medical electronics, switch mode, etc. However, 60.45 percent of analysts polled by Mintgenie believe the stock to be 'high risk'. Risk-averse investors should avoid the stock and only investors with a very high-risk appetite should consider investing in it.

Brightcom Group: This stock skyrocketed from around ₹4 on March 31, 2021 to ₹98.60 on March 31, 2022, rising 2,390 percent in FY22. Brightcom Group Limited provides digital marketing solutions to businesses, agencies, and online publishers worldwide. It operates through two segments, Digital Marketing and Software Development. The company connects advertisers with their audience across various forms of digital media. However, 109 percent of analysts polled by Mintgenie believes the stock to be 'extreme risk'. Risk-averse investors should avoid the stock at all costs.

XPRO India: The stock climbed 1,908 percent in the last 1 year, from ₹73 on March 31, 2021, to ₹1,467 on March 31, 2022. Xpro India Limited is a semi- finished thermo plastic manufacturer based out of India. It operates its polymers business across 2 divisions - Biax Division and Coex Division. However, 57.38 percent of analysts polled by Mintgenie believe the stock to be 'high risk'. Please contact your financial advisor before investing in the stock.

Automotive Stamping and Assemblies: The stock jumped 1,649 percent in the last 1 year, from ₹33.4 in March 2021 to ₹584.3 currently. Automotive Stampings and Assemblies Limited is an auto components supplier based out of India that deals in the production of welded assemblies and modules, and sheet metal stampings for the automotive industry. 70.66 percent of analysts polled by Mintgenie believe the stock to be of 'extreme risk'. Investors with low-risk appetites are advised to stay away from the stock.

Algoquant Fintech: The stock rose from ₹29 on March 31, 2021 to ₹414 on March 31, 2021, rallying 1,327 percent in just 1 year. Previously known as Hindustan Everest Tool Limited, Algoquant Fintech Limited is a financial instrument trade company based in India. Incorporated in 1962 as Hindustan Everest Tool Limited, the company changed its name in November 2021. It is a subsidiary of Mandelia Investments Private Limited and is headquartered in New Delhi, India. 535.80 percent of analysts polled by Mintgenie believe the stock to be of 'extreme risk'. It is advisable to avoid the stock at all costs despite the rally.

First Published: 03 Apr 2022, 09:20 AM IST