Multibagger Update: These Small Cap Multibaggers Continue to outperform
The maximum number of multibaggers have emerged from the small-cap space and we have seen that at least 477 small-cap stocks that are constituents of BSE SmallCap Index have more than doubled since the markets made bottom in April, 2020 if we consider the data till H1 2021.
The maximum number of multibaggers have emerged from the small-cap space and we have seen that at least 477 small-cap stocks that are constituents of BSE SmallCap Index have more than doubled since the markets made bottom in April, 2020 if we consider the data till H1 2021.
Usually, one expects the stock that has multiplied in value to either enter consolidation. However, we find that several small-caps have continued to gain momentum even after turning out to be multibaggers since April 2020.
Following small-cap stocks are showing momentum since July 1 after more than doubling in value since the markets made low in the early part of 2020:
|
Sr No
|
Company Name
|
Latest Market Cap (Rs crore)
|
Returns from April 3,2020 to June 30,2021 (%)
|
Returns from July 1,2021 to August 6,2021 (%)
|
|
1
|
Tejas Networks Ltd.
|
3087.66
|
469.78
|
81.39
|
|
2
|
Steel Strips Wheels Ltd.
|
2572.99
|
129.11
|
80.76
|
|
3
|
Brightcom Group Ltd.
|
3272.3
|
570.8
|
65.41
|
|
4
|
Gokaldas Exports Ltd.
|
995.23
|
304.75
|
64.49
|
|
5
|
Indo Count Industries Ltd.
|
5394.93
|
585.31
|
64.14
|
|
6
|
GNA Axles Ltd.
|
1593.91
|
223.2
|
61.78
|
|
7
|
Mangalam Cement Ltd.
|
1334.16
|
116.14
|
57.64
|
|
8
|
Inox Wind Ltd.
|
2901.58
|
333.6
|
57.63
|
|
9
|
Dolat Investments Ltd.
|
2117.28
|
107.28
|
53.74
|
|
10
|
Gujarat Fluorochemicals Ltd.
|
19002.95
|
304.37
|
53.02
|
|
11
|
Gravita India Ltd.
|
1337.61
|
275.51
|
52.74
|
|
12
|
Jindal Stainless Ltd.
|
7995.52
|
351.23
|
50.21
|
|
13
|
Goldiam International Ltd.
|
1471.86
|
426.26
|
48.04
|
|
14
|
Datamatics Global Services Ltd.
|
1627
|
375.22
|
46.07
|
|
15
|
Sanghi Industries Ltd.
|
1977.88
|
171.57
|
45.25
|
|
16
|
Cosmo Films Ltd.
|
2549.81
|
380.76
|
43.86
|
|
17
|
Indian Metals & Ferro Alloys Ltd.
|
2319.62
|
412.79
|
43.36
|
|
18
|
Olectra Greentech Ltd.
|
2606.47
|
334.47
|
42.37
|
|
19
|
Kaya Ltd.
|
627.66
|
173.4
|
42.17
|
|
20
|
H.G. Infra Engineering Ltd.
|
3725.83
|
154.76
|
41.79
|
|
21
|
Jindal Stainless (Hisar) Ltd.
|
7047.37
|
439.69
|
40.8
|
|
22
|
IIFL Securities Ltd.
|
3178.18
|
118.27
|
40.74
|
|
23
|
Hindustan Oil Exploration Company Ltd.
|
2201.19
|
226.99
|
39.29
|
|
24
|
Welspun India Ltd.
|
13614.03
|
358.19
|
39.19
|
|
25
|
GHCL Ltd.
|
3632.86
|
185.05
|
38.42
|
|
26
|
Sagar Cements Ltd.
|
3558.84
|
288.79
|
37.24
|
|
27
|
Privi Speciality Chemicals Ltd.
|
6762.34
|
172.87
|
36.46
|