Multibaggers! 6 stocks defy weak market trend, up over 100% in last 1 year

Mazagon Dock Shipbuilders: The defense stock has surged nearly 170 percent in the last 1 year, however, 2023 has not been great for the scrip. It has lost around 20 percent in the current calendar year, falling nearly 11 percent in March following a 9 percent decline in Feb. The stock has risen over 175 percent from its 52-week low of ₹229.65, hit in June last year but is down 32 percent from its 52-week high of ₹936.85, hit in December last year. Mazagon Dock Shipbuilders is one of the leading shipbuilding yards in India. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. The company's current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built a total of 799 vessels including 26 warships, from advanced destroyers to missile boats and 6 submarines. 

Varun Beverages: The FMCG stock has also given multibagger returns in the last 1 year, rising around 120 percent. It has added around 6 percent in 2023 YTD, rising 5.7 percent and 13.5 percent in March and Feb, respectively, after a 13.3 percent decline in Jan. The stock has risen over 118 percent from its 52-week low of ₹619, hit in March 2020 and is down 5 percent from its 52-week high of ₹1,432, hit in December 2022. Varun Beverages Limited is an Indian company that produces, bottles and distributes beverages. It is the second largest bottling company of PepsiCo's beverages in the world outside the United States. The company was incorporated in 1995 as a subsidiary of RJ Corp.

Karur Vysya Bank: The banking stock has advanced 114 percent in the last 1 year but is down around 12 percent in 2023 YTD. It has lost 2 percent in March, 4.8 percent in Feb and 5.3 percent in Jan. The stock has jumped 135 percent from its 52-week low of ₹41.75, hit in May 2022 but is down 15 percent from its 52-week high of ₹116, hit in December 2022. Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India. It was founded in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in the treasury, corporate/wholesale banking, and retail banking segments.

Finolex Cables: The stock is up 114 percent in the last 1 year and has also added over 40 percent in 2023 YTD. It has advanced 14 percent in March, 27 percent in Feb and 1.2 percent in Jan. The stock is up over 140 percent from its 52-week low of ₹344, hit in May 2022 but is down 6 percent from its 52-week high of ₹847.60, hit earlier this month. Finolex Cables Limited is an Indian manufacturer of electrical and telecommunication cables based in Pune, Maharashtra. It is the flagship company of the Finolex Group, established in 1958. The company also manufactures polyvinyl chloride sheets for roofing, signage and interiors.

UCO Bank: The PSU bank stock has rallied 109 percent in the last 1 year but is down over 25 percent in 2023 YTD - 8% in March, 12.6% in Feb and 5.8% in Jan. The stock has advanced 114 percent from its 52-week low of ₹10.52, hit in June 2022 but is down 41 percent from its 52-week high of ₹38.15, hit in December last year. UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, established in 1943 in Kolkata. The bank's segments include Treasury Operations, Corporate Banking Operations, Retail Banking Operations and Other Banking Operations. 

Mahindra CIE Automotive: The stock is up 100 percent in the last 1 year but is almost flat in 2023 YTD. It tanked over 20 percent in March but has added 7.4 percent and 14.7 percent in Feb and Jan, respectively. The stock has risen 100.5 percent from its 52-week low of ₹167, hit on the same day last year but is down 27.5 percent from its 52-week high of ₹462.15, hit in Feb this year. Mahindra CIE is a multi-technology automotive components supplier. It is a subsidiary of the CIE Automotive group of Spain, an industrial group specialised in supplying components and subassemblies for the automotive market, which has a presence across the globe and is listed on the stock exchange in Madrid.