Microcap companies have a market capitalization of less than 500 crores. These companies are less popular among conservative investors as they have high risks associated with them. However, it must also be noted that the return by investing in these companies can be huge:
Here are four microcap multibagger stocks that were locked in an upper circuit on Friday:
Gujarat Containers Limited
The shares of Gujarat containers were locked in an upper circuit of 5 per cent and closed at Rs 242 on the last trading day of the week. In the previous five days, the stock has delivered a return of 22 per cent. In the span of a month, the stock has delivered a return of 90 per cent.
In January 2022, the stock was trading at Rs 81 a piece on BSE. From there it has spiked up to the current levels thereby delivering a multibagger return of 199 per cent. In a year the stock has logged a multibagger return of 415 per cent.
Gujarat Containers Ltd is primarily engaged in the manufacturing of a variety of specialized Barrels used for storing chemicals, dyestuffs, etc. The company has a market capitalization of Rs 134 crores.
Ecoboard Industries Limited
The shares of Ecoboard Industries were locked in an upper circuit of 5 per cent and closed at Rs 58.40 on Friday. In the last five days, the stock has delivered a return of 22 per cent. In the span of a month, the stock has delivered a return of 96 per cent.
On a Year-to-Date (YTD) basis the stock has delivered a multi-bagger return of 117 per cent as the stock price has risen from Rs 26.85 a piece on BSE to the current levels of Rs 58.
Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Laminated Particle Boards and BioSystems. The company has a market capitalization of Rs 104 crores.
Sonal Mercantile Limited
The shares of the company were locked in an upper circuit of 10 per cent on Friday and closed at Rs 94.95. In the past five days, the stock price has zoomed by 77 per cent and in the past month, it has delivered a multibagger return of 128 per cent.
On a YTD basis, the stock has delivered a multibagger return of 121 per cent and in a year it has logged a multi-bagger return of 236 per cent.
Sonal Mercantile Ltd, incorporated in 1985 is a registered NBFC with RBI, primarily focused on providing all types of loans, Trade financing, Project Appraisal, Loans against Guarantees
and Properties, and also Trading in shares & securities and arbitrage business in stock and commodity market. It has a market capitalization of Rs 139 crores.
PVP Ventures Limited
The shares of PVP Ventures were locked in an upper circuit of 5 per cent on Friday and closed at Rs 11.15. In the past five days, the stock price has gained 24 per cent and in the past month, it has delivered a return of 30 per cent.
A year ago the shares of the company were trading at Rs 4.85 a piece on NSE. From there it has spiked up to the current levels logging a multibagger return of 129 per cent.
PVP Ventures is engaged in the business of developing urban infrastructure and investments in various ventures. The company has a market capitalization of Rs 273 crores.
Written by Anoushka Roy
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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