A microcap stock is one that has a lower market capitalisation than small, mid, and large-cap stock. Microcap stocks may appear frightening to new investors since they are less popular and have lower liquidity.
However, if you’re ready to take some risks and are patient, investing in microcap companies might offer significant returns. Many of these smaller companies are still growing, so there is a lot of potential for their value to increase.
Here are a few microcap stocks that have spiked the most in 2024, yielding multibagger returns.
Chemtech Industrial Valves Ltd
With a market cap of Rs. 125.53 crores, the share price of the company moved up by 2% on BSE and opened at Rs. 109.28 on Monday, compared to its previous closing price of Rs. 107.14.
So far in 2024, Chemtech Industrial Valves has delivered positive returns of around 119.92 percent. On the other hand, in the last six months, it has given over 199.7 percent returns, and nearly 734.20 percent in the last one year.
The company witnessed an increase in the net profit by 98.18 percent QoQ to Rs. 1.09 crore in Q3 FY23-24 from Rs. 0.55 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by nearly 1716.6 percent from Rs. 0.06 crore in Q3 FY22-23 to Rs. 1.09 crore in Q3 FY23-24.
The company’s revenue from operations grew by around 135.15 percent QoQ from Rs. 4.58 crore in Q2 FY23-24 to Rs. 10.77 crore in Q3 FY23-24.
On a year-on-year basis, the revenue from operations rose by 191.08 percent from Rs. 3.70 crore in Q3 FY22-23 to Rs. 10.77 crore in Q3 FY23-24.
Chemtech Industrial Valves Ltd. is engaged in the business of manufacturing of industrial valves.
Worth Investment & Trading Company Ltd
The share price of the company jumped by nearly 2% on BSE to and opened at Rs. 273.65 on February 26th, compared to its previous closing price of Rs. 268.30 and has a market cap of Rs. 274.43 crore.
The company witnessed an increase in the net profit by 156.6 percent QoQ to Rs. 1.36 crore in Q3 FY23-24 from Rs. 0.53 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by 547.61 percent from Rs. 0.21 crore in Q3 FY22-23 to Rs. 1.36 crore in Q3 FY23-24.
It has given more than 380.7 percent returns in the last six months, and nearly 597.20 percent in the last one year. So far in 2024, it delivered positive returns of around 111.15 percent.
Worth Investment & Trading Company Limited operates as an investment and finance company in India and engages in investing, selling, acquiring, selling, transferring, bonds, stocks and other financial products.
Written by Shivani Singh
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