The stock market has been volatile so far in 2022. Investors have been feeling the heat amid the geopolitical crisis and the resultant inflation. However, a few stocks managed to give stellar returns to their investors.
Raj Rayon Industries Ltd
It is one of the leading manufacturers of synthetic as well as artificial yarn. It is a penny stock with a Market valuation of ₹ 1.02 crores.
The shares of the company surged 4.49% on Thursday’s early trades and its share price more than doubled in the past month. Its shares are currently locked at ₹4.65 apiece! All the buyers put together are willing to buy 18,60,467 shares of the company. The 52-week low of the shares is at ₹1.35 apiece and their 52-week high is at ₹60.00 apiece.
Those who had invested in its shares a month ago when they were trading at ₹2.20 apiece, made multibagger returns of 111.36%. An investment of ₹1,00,000 in the company then has become worth ₹2,11,360 in just one month!
Investors must be careful as its revenue and net worth have been declining over the years. However, its losses have reduced.
Sylph Technologies Limited
It is engaged in Software development services and solutions. Further, it is engaged in the distribution of 25-year-old newspapers. It has a market capitalization of ₹ 26.8 crores and its shares got locked at an upper circuit at ₹ 17.95 apiece on Thursday’s early deals.
In the past month, the shares of the company surged 138.06% or ₹10.41 apiece to give investors multibagger returns. If an investor would have invested ₹1,00,000 in the shares of the company a month ago, the value of their holdings would have been worth ₹ 2,38,060.
Recently, the company reported a net profit of ₹ 0.43 crores for the quarter ended March 2022, as against a net loss of 0.05 crores during the quarter ended March 2021. Its sales increased by 900% to ₹ 0.20 crores in the quarter ended March 2022 as against 0.02 Crores during the same period last year.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
