The Indian and global stock market has taken a hard hit in May-June 2022 because of rising inflation and weak macroeconomic factors. The S&P BSE SmallCap Index has given a negative return of -16.32% in 2022. However, amid the market crash, here is 4 smallcap companies that have more than doubled the shareholder’s money in the last one month:
Kohinoor Foods
The shares of Kohinoor Foods Limited have given multi-bagger returns of over 785% since April’22. The stock is up by over 174.95% in the last one month and has been continuously hitting the upper circuit since the last multiple sessions. Even today, the shares are locked at an upper circuit. The shares were trading at Rs 7.75 on April 6, 2022, and they are currently locked at Rs 68.60 apiece.
Kohinoor Speciality Foods India Private Limited (KSF), a subsidiary of Kohinoor Foods Ltd (KFL) is engaged in the Basmati Rice business in India under the famous ‘Kohinoor’ brand. McCormick purchased the ‘Kohinoor’ brand and other trademarks in 2017. On 3rd May 2022, Adani Wilmar announced that it will acquire renowned Basmati rice brand Kohinoor from McCormick Switzerland GMBH.
Galactico Corporate Services Ltd
Galactico Corporate Services Ltd is a SEBI Registered (Category-I) Merchant Banker and provides Investment Banking, Transaction Advisory, Valuation, and Business Modeling services.
The shares of Galactico Corporate Services Ltd have given a return of 151.44% in the last one month and 897.15% so far in 2022 YTD. The shares were trading at Rs 35.10 at the start of the year, and they are currently trading at the price of Rs 350 apiece.
Hindustan Motors
CK Birla Group-owned “Hindustan Motors” shares have been hitting the upper circuit for the last 11 trading sessions over the news of bringing back the two old brands Ambassador and Contessa as EVs. The shares of the carmaker have climbed 133% in the last month and are locked at an upper circuit even today.
As reported by HT Bangla, Hindustan Motors will have a controlling share in the joint venture with a 51% stake and the balance being with Peugeot. The plan is to make a significant mark with the introduction of electronic two-wheelers initially and shift to the production of EV cars later.
Standard Industries Limited
The shares of Standard Industries Limited have given a return of 136.74% in the last month. The shares were trading at Rs 15.65 on 16th May’22, and they are currently trading at the price of Rs 37.05 apiece and has been hitting the upper circuit for last multiple sessions.
The Company is involved in the business of property division and trading in textiles and chemicals. Standard Industries Limited deals in 100% Cotton Towels, Bed Sheets, Interlining Fabric, Cotton and blended Dhoti, Cotton/PC blended and poly viscose suiting, 100% cotton, and other textile products. The Company also plans to introduce Cotton Sarees under its brand name in due course of time.
Disclaimer
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.
