Domestic benchmark indices, the BSE Sensex and the NSE Nifty 50 are in the green. In the past month, the Sensex gained 1.97 percent and was at 66,488.64 points at 11:55 AM on Tuesday, while the Nifty 50 gained 2.14 percent and was at 19,736.35 points.
Meanwhile, here are a few small-cap stocks that gained up to 134.5 percent in the past month:
Premier Explosive
Premier Explosives is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services for solid propellant plants at the Sriharikota Centre of ISRO and the solid fuel complex at Jagdalpur under the umbrella of the DRDO.
In the past month, the company’s share price increased by 134.57 percent from ₹ 432.25 apiece to ₹ 1,013.95, delivering multibagger returns. Thus, if an investor had invested ₹ 1 lakh in the company’s shares a month ago, the value of their holdings would have been ₹ 2.34 lakhs today!
The company’s profit increased by 511.59 percent to ₹ 8.21 crores in the June quarter (Q1FY24), as compared to ₹ 1.26 crores in the June quarter last year (Q1FY23). Its revenue climbed 19.66 percent to ₹ 61.95 crores in Q1FY24, as compared to ₹ 51.77 crores in Q1FY23.
Shree Global Tradefin
The company’s core business is trading in iron and steel products. Lloyds Steel Industries, which is engaged in the iron ore mining process is its subsidiary.
In the past month, the company’s share price increased by 110.05 percent from ₹ 15.62 apiece to ₹ 32.81, delivering multibagger returns. Thus, if an investor had invested ₹ 1 lakh in the company’s shares a month ago, the value of their holdings would have been ₹ 2.10 lakhs today!
The company hasn’t yet declared its results for the June quarter. It reported a net profit of ₹ 10.61 crores for the financial year that ended on March 31, 2023. Its revenue came in at ₹ 67.69 crores.
Jai Balaji Industries
Jai Balaji Industries is engaged in the manufacturing of iron and steel products, such as sponge iron, pig iron, ductile iron pipe, ferrochrome, wire rods, mild steel billets and so on.
In the past month, the company’s share price increased by 114.24 percent from ₹ 76.90 apiece to ₹ 164.75, delivering multibagger returns. Thus, if an investor had invested ₹ 1 lakh in the company’s shares a month ago, the value of their holdings would have been ₹ 2.14 lakhs today!
The company hasn’t yet declared its results for the June quarter. It reported a net profit of ₹ 57.84 crores for the financial year that ended on March 31, 2023. Its revenue came in at ₹ 6125.08 crores.
Written by Simran Bafna
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