Multibagger Stocks: List of 44 Small-Cap Stocks That Doubled the Return in 2021

The year 2021 saw the Nifty Smallcap 250 index delivering a strong return of 62 percent, two and a half times more than Nifty (24%). In this outperformance, 44 out of 250 index stocks doubled investors’ money.

Analysis of Best Multibagger Stocks

1.    Tata Teleservices - Shares of Tata Group company Tata Tele delivered whopping 2,495% returns as its share price zoomed from Rs 9.90 to Rs 53.35 at the end of December 2021. The company is an Indian broadband, telecommunications and cloud service provider based in Mumbai. The stock today commands a market capitalization of over Rs 50,000 crore.

Shares of Trident Ltd. too delivered impressive returns of 439 percent as the stock rallied from Rs 7.97 to Rs 154.60. It is the flagship company of the Trident Group and is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based paper, Chemicals and Captive Power. The stock today commands a market capitalization of over Rs 27,000 crore. 

2.    CG Power – CG Power which offers products, services and solutions to Power and Industrial systems, delivered a solid 334 per cent return this year as the stock rallied from Rs 44.85 to Rs 194.55. The stock today commands a market capitalization of over Rs 26,000 crore. 

3.    KPIT Tech - The IT sector witnessed good buying interest throughout the year from which, KPIT Tech delivered 332 per cent return this year. The stock rallied from Rs 142 to Rs 612.95 and the stock today commands a market capitalization of over about Rs 20,000 crore. 

4.    Gujarat Fluorochemicals - The chemical sector too had a good year from which Gujarat Fluorochemicals (FLUOROCHEM) delivered 325 per cent return this year. The stock rallied from Rs 568.45 to Rs 2414.90 and the stock today commands a market capitalization of over around 30,000 crore. 

Amongst other stocks, Happiest Minds Techno, Balaji Amines, HIKAL, BSE AND HFCL delivered returns in the range of 100% - 200% during the year and became Best Multibagger stocks for 2021.

35 stocks provided returns in the range of 100-200 percent which included names like Eclerx, Hinduja Global Sols, Praj Inudstries, CDSL (Central Depo Services), TANLA Platforms and so on.

Read more: What are Multibagger Stocks?

Here's the list of Multibagger stocks with positive returns: