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.
The Nifty Smallcap 100 Index has delivered a negative return of 1.85 percent, and the S&P BSE SmallCap Index delivered a return of 0.40 percent in one month. Listed below are some of the top-performing Small-cap stocks for the month of May 2024, that have delivered good returns despite the volatility in the market.
Kody Technolab
Kody Technolab Limited is engaged in the business of software development services to a diverse set of industries. It offers a wide range of services like custom software development, artificial intelligence implementation and consultation, and many more.
Kody Technolab Limited has recently ventured into the robotics space with its products such as India’s premier surveillance robot Athena, and its custom service robot Dasher.
With a market capitalization of Rs.1,209 Crores, the shares of Kody Technolab Limited Limited closed at Rs. 1,897 in the day’s trade, up 3.55 percent from its previous day’s close price of Rs. 1,832.
Kody Technolab Limited closed at Rs. 1,914.20 compared to its closing price of Rs. 974.20 a month ago thereby delivering a return of 85 percent in a Month.
Its Revenue from operations grew by 105 percent from Rs. 10.95 Crores in FY23 to Rs. 22.46 Crores in FY24, accompanied by profits of Rs. 3.18 Crores to a Profit of Rs. 4.89 Crores.
In Addition, Kody Technolab Limited had recently partnered strategically with Tuneland, The Music Fest, to showcase and provide services through its drones Athena an advanced autonomous surveillance robot, that ensures top-notch security, and Dasher, an autonomous serving robot designed to enhance the attendee experience.
Rattan India Power
Rattan India Power Limited is one of India’s largest private power generation companies, it is primarily engaged in the business of dealing in power generation, distribution, trading and transmission, and other ancillary and incidental activities
With a market capitalization of Rs. 10,299 Crores, the shares of Rattan India Power Limited closed at Rs. 19.18 in the day’s trade, up 3.56 percent from its previous day’s close price of Rs. 18.52.
Rattan India Power Limited closed at Rs. 19.15 compared to its closing price of Rs. 9.20 a month ago thereby delivering a return of 108 percent in a Month.
Its Revenue from operations grew by 4.11 percent from Rs. 3,231 Crores in FY23 to Rs. 3,364 Crores in FY24, accompanied by a loss of Rs. 1,870 Crores to a Profit of Rs. 8,876 Crores.
Written by: Bharath K.S
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