3 Small-Cap Stocks Deliver Multibagger Returns in Just 3 Months, Generating a Net Profit Surge of 116 Crores
A small-cap company/stock with a market valuation of less than Rs 5,000 crores. Small-cap stocks have rapid gains and losses. Investors who are capable of the ups and downs along the way might get rewarded in the long run. Because such stocks experience large volatility and are illiquid.
In the previous three months, the Nifty small cap index has returned 24 percent, while three stocks have outpaced the index with multibagger gains.
Here are 3 small-cap stocks that have given multibagger return in 3 months
Refex Industries Ltd:
Refex is a specialist manufacturer and re-filler of Refrigerant gases that are replacements for Chloro-fluoro-carbons in India, it is a small-cap company with a market capitalization of Rs 1,218 crore. On Monday, the company’s shares were trading at Rs 551.50 a share, up 0.32 percent from the previous close price.
In last three months, the company’s share price increased from Rs 258.95 to current levels, giving multibagger returns of 112 percent. Therefore, if an investor purchased 1 lakh shares of the company in the last three months, their holdings would now be worth 2.12 lakhs!
Based on company financials, operating revenues drastically increased by 267 percent from Rs 443 crores during FY 21-22 to Rs 1,629 crores in FY 22-23. And Net profit has jumped by 158 percent, from Rs 45 crores to Rs 116 crores.
Tanfac Industries Ltd:
Tanfac Industries was Incorporated in 1972, the company is engaged in the manufacturing of aluminium fluoride and hydrogen fluoride. It is the leading producer of Hydrofluoric Acid and its derivatives in the country. It is a small-cap company with a market capitalization of Rs 1,957 crore.
The company’s shares were trading at Rs 1,962 apiece on Monday’s trading session up 0.20 percent from the previous close price.
In last three months, the company’s share price increased from Rs 929.25 to current levels, giving multibagger returns of 111.14 percent. Therefore, if an investor purchased 1 lakh shares of the company in the last three months, their holdings would now be worth 2.11 lakhs!
Based on company financials, operating revenues significantly increased by 17 percent from Rs 320 crores during FY 21-22 to Rs 374 crores in FY 22-23. And Net profit has increased 6 by percent, from Rs 53 crores to Rs 56 crores.
Ksolves India Ltd:
Ksolves India Ltd was incorporated in 2014, Company is engaged in software development and consulting of IT solutions to companies across different sectors. It is a small-cap company with a market capitalization of Rs 1,054 crore. On Monday, the company’s shares were trading at Rs 889.80 a share, down 2.84 percent from the previous close price.
In last three months, the company’s share price increased from Rs 443.60 to current levels, giving multibagger returns of 100.65 percent in three months. Therefore, if an investor purchased 1 lakh shares of the company in the last three months, their holdings would now be worth 2 lakhs!
Based on company financials, operating revenues significantly climbed by 66 percent from Rs 47 crores during FY 21-22 to Rs 78 crores in FY 22-23. And Net profit has increased 60 percent, from Rs 15 crores to Rs 24 crores.
Written by Omkar C
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.
