Vijay Kedia and Mukul Agrawal Identified These 6 Multibagger Stocks in 2025's Challenging Market

Even though 2025 proved to be a trying period for small-cap stocks and well-known investors alike, several companies selected by Vijay Kedia and Mukul Agrawal managed to generate substantial returns.

Here's a look at these standout performers:

• OSEL Devices:** This stock emerged as an unexpected top performer in 2025, effectively doubling investors' initial capital within the year. While the stock price has since receded from its highest point, early investors still possess considerable profits.
• Zelio E-Mobility:** Registering an impressive gain of approximately 192% in 2025, Zelio E-Mobility was a notable success story. This surge occurred amid significant interest in specialized electric vehicle-related investments, in spite of the volatility present within the broader SME sector.
• ASM Technologies:** The company provided strong returns, with its stock value increasing by around 129% during the year. Steady demand in its primary business operations supported the stock's performance, even as technology stocks faced global headwinds.
• Monolithisch India:** Listing its shares in June 2025, Monolithisch India quickly achieved multibagger status. Within months of its initial public offering (IPO), the stock doubled investors' investments, standing in contrast to the generally weak performance observed among many SME IPOs following their listing.
• Zota Health Care:** Shares of Zota Health Care experienced a surge of roughly 111% during 2025 before relinquishing some of those gains. Even with the subsequent decrease, the stock remains among the better performers in what was otherwise a difficult market environment.
• TechD Cybersecurity:** TechD Cybersecurity, supported by Vijay Kedia, debuted on the stock market in September 2025 at a price of Rs 366. It proceeded to more than double investors' wealth. Although the stock has undergone a correction in the past month from its peak of around Rs 843, early investors still retain substantial profits.

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