Nifty 50 rises 30 per cent in current financial year these 5 bluechips becomes multibagger

The current financial year proved to be excellent for the stock market. In this financial year, major indices like NSE's Nifty50 and BSE's Sensex recorded a rise of 30-30 per cent.

During this period the stock market made many new records. Both the major indices managed to create new high levels continuously. During the financial year, Sensex crossed 74 thousand points and Nifty crossed 22,500 points for the first time.

During the current financial year, many stocks included in Nifty50 proved to be multibaggers. Bajaj Auto gave the best return of 141% among blue chip stocks.

Tata Motors of Tata Group also performed brilliantly and managed to register a growth of 138 percent in the current financial year.

Among the multibagger blue chip stocks of the current financial year, Adani Ports and SEZ stood third with 110 percent return.

Government company Coal India led the PSU rally and gave 109 per cent returns to investors in the current financial year.

Apart from Tata Motors, another multibagger from the auto segment was Hero MotoCorp, which gave a return of 101 percent in this financial year.

Multibagger is said to be those shares which make at least double the money of their investors in the stipulated period i.e. give at least 100 percent return.