The Nifty Smallcap 100 Index has delivered a return of 11.40 percent, and the S&P BSE SmallCap Index delivered a return of 5.09 percent in one month.
People usually prefer small-cap stocks because they offer a unique combination of growth potential, undervalued opportunities, and diversification, making them an attractive option for investors who are willing to take some risk in pursuit of higher returns.
Listed below are some of the top-performing Small-cap stocks for the month of April 2024.
Piccadily Agro Industries
Piccadily Agro Industries Limited is engaged in the business of manufacturing sugar and distillery products. The Sugar segment includes products, such as sugar, molasses, power, and bagasse. The Distillery segment includes products, such as liquor, malt, carbon dioxide gas, and ethanol.
With a Market capitalization of Rs. 6,294 Crores, the shares of Piccadily Agro Industries Limited hit a 5 percent upper circuit and closed at Rs. 667.25. The shares of Piccadily Agro Industries Limited has delivered multibagger returns of 101 percent in 1 month.
Its revenue from operations grew by 34.5 percent from Rs. 200 Crores in Q4FY23 to Rs. 269 Crores in Q4FY24, accompanied by profits of Rs. 5 Crores to Rs. 43 Crores.
RIR Power Electronics
RIR Power Electronics Limited is engaged in manufacturing and selling of various power semiconductor devices such as bridges, power modules, diodes , rectifiers and thyristors and it also has a product portfolio that includes low-power to high-power devices and IGBT Modules that find applications in Welding, elevators, Battery Charges, Railways, Medical equipment, etc.
With a market capitalization of Rs. 1,382 Crores the shares of RIR Power Electronics Limited hit a 5 percent lower circuit and closed at Rs. 1,986.40. The shares of RIR Power Electronics Limited have delivered a return of 101 percent in 1 month.
Its revenue from operations grew by 4.62 percent from Rs. 14.06 Crores in Q3FY23 to Rs. 14.71 Crores in Q3FY24, accompanied by profits of Rs. 1.88 Crores to Rs. 1.12 Crores.
KP Green Engineering
KP Green Engineering Limited is engaged in the manufacturing of fabricated and hot-dip galvanized steel products. Its product portfolio includes Solar Module Mounting Structures, Cable trays, Lattice tower structures, Substation Structures, Earthing strips, and Beam Crash Barriers.
With a market capitalization of Rs. 2,550 Crores, the shares of KP Green Engineering Limited closed at Rs. 510 down 4.3 percent from its previous day’s close price of Rs. 533.40. The shares of KP Green Engineering Limited have delivered a return of 90 percent in 1 month.
Its revenue from operations grew by 207 percent from Rs. 114 Crores in FY23 to Rs. 349 Crores in FY24, accompanied by profits of Rs. 12 Crores to Rs. 35 Crores.
Oriana Power
Oriana Power Limited is engaged in providing a wide range of solar energy solutions to industrial and commercial customers. Its solutions include floating solar panels, rooftop solar, hydrogen electrolyzers, and many more.
With a market capitalization of Rs. 2,929 Crores, the shares of Oriana Power Limited closed at Rs. 1,517 down 5.72 percent from its previous day’s close price of Rs. 1,609. The shares of Oriana Power Limited have delivered a return of 103 percent in 1 month.
The company’s revenue from operations grew 9.85 percent from Rs. 123.97 Crores in FY22 to Rs. 136.18 Crores in FY23, accompanied by profits of Rs. 6.96 Crores to Rs. 10.93 Crores.
Bondada Engineering
Bondada Engineering Limited provides engineering, procurement, and construction (EPC), operation, and maintenance (O&M) services to companies operating in telecom, solar energy, and infrastructure sector.
With a market capitalization of Rs. 3,219 Crores, the shares of Bondada Engineering Limited hit a 5 percent upper circuit and closed at Rs. 1,490.25. The shares of Bondada Engineering Limited have delivered a return of 73 percent in 1 month.
Its revenue from operations grew by 10.92 percent from Rs. 334 Crores in FY23 to Rs. 371 Crores in FY24, accompanied by profits of Rs. 10 Crores to Rs. 18 Crores.
Written by: Bharath K.S
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