The Indian Benchmark Indices hit its all-time high mark on Thursday with the Sensex climbing around 372 points and closing at 72,410.38 and the Nifty 50 index gaining around 125 points and closing at 21,778.70.
Despite the bullish sentiment in the Indian equity market, some stocks are still trading at attractive levels. Listed below are four stocks under the BSE Small-Cap index that are currently trading at a discount of more than 15 percent from their 52-week high price:
Electronics Mart India Limited
With a market capitalization of Rs 7,712.29 crores, the stocks of Electronics Mart India Limited closed at Rs 200.45 on Thursday, a flat movement as compared to the previous closing level of Rs 200.60 apiece.
The company’s stock hit its 52-week high price at Rs 235 in November 2023 and, comparing the same with the current price level, the stock portrays a discount of around 15 percent.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 135 percent to its shareholders, viz, if someone had invested Rs 1 lakh into the company’s stock in December 2022, it would have converted to Rs 2.35 lakhs.
Tilaknagar Industries Limited
With a market capitalization of Rs 4,695.01 crores, the stocks of Tilaknagar Industries Limited closed at Rs 244.05 on Thursday, gaining approximately 1.60 percent as compared to the previous closing level of Rs 240.30 apiece.
The company’s stock hit its 52-week high price at Rs 291.40 in November 2023 and, comparing the same with the current price level, the stock portrays a discount of around 16.20 percent.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 131 percent to its shareholders, viz, if someone had invested Rs 1 lakh into the company’s stock in December 2022, it would have converted to Rs 2.31 lakhs.
Shakti Pumps (India) Limited
With a market capitalization of Rs 1,844.45 crores, the stocks of Shakti Pumps (India) Limited closed at Rs 1,003.50 on Thursday, gaining approximately 1.40 percent as compared to the previous closing level of Rs 989.95 apiece.
The company’s stock hit its 52-week high price at Rs 1,224.65 in October 2023 and, comparing the same with the current price level, the stock portrays a discount of around 18 percent.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 144 percent to its shareholders, viz, if someone had invested Rs 1 lakh into the company’s stock in December 2022, it would have converted to Rs 2.44 lakhs.
Power Mech Projects Limited
With a market capitalization of Rs 6,551.84 crores, the stocks of Power Mech Projects Limited closed at Rs 4,144.60 on Thursday, gaining approximately 0.60 percent as compared to the previous closing level of Rs 4,119.20 apiece.
The company’s stock hit its 52-week high price at Rs 5,069.45 in July 2023 and, comparing the same with the current price level, the stock portrays a discount of around 18.30 percent.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 107 percent to its shareholders, viz, if someone had invested Rs 1 lakh into the company’s stock in December 2022, it would have converted to Rs 2.07 lakhs.
Written by Amit Madnani
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