Multibagger Update: These SME stocks gained up to 168 per cent in August; do you hold any?
In August 2022, BSE Midcap and Smallcap indices picked up steam and regained their lost mojo by soaring 4.15 per cent and 4.50 per cent, respectively.
The month of August was nothing short of a tumultuous roller coaster ride for Indian equity markets. Despite the capricious conditions, headline indices Nifty 50 and Sensex managed to end the month in the green territory with gains of 1.25 per cent and 1.08 per cent, respectively.
In August 2022, BSE Midcap and Smallcap indices picked up steam and regained their lost mojo by soaring 4.15 per cent and 4.50 per cent, respectively.
Nupur Recyclers, Inflame Appliances, Kotyark Industries, Gensol Engineering, Jayant Infratech and Krishna Defence and Allied Industries were among the star outperformers that frequently locked at 5 and 10 per cent upper circuit on several trading sessions during the month.
Below is the list of top-performing SME stocks in August 2022.
| Company Name |
Sector |
Latest Market Cap (Rs Crore) |
Returns for August 2022 (%) |
| Goblin India Ltd |
Trading |
60.21 |
168.14 |
| Acrow India Ltd |
Capital Goods |
30.93 |
152.24 |
| Jayant Infratech Ltd |
Infrastructure |
140.65 |
152.15 |
| Ambar Protein Industries Ltd |
FMCG |
183.31 |
152.02 |
| Shri Gang Industries & Allied Products Ltd |
FMCG |
412.12 |
151.89 |
| Baroda Rayon Corporation Ltd |
Textile |
167.02 |
150.52 |
| ABC Gas (International) Ltd |
Non - Ferrous Metals |
25.02 |
149.95 |
| Advait Infratech Ltd |
Capital Goods |
254.46 |
149.79 |
| Southern Magnesium & Chemicals Ltd |
Non - Ferrous Metals |
18.97 |
149.51 |
| NIBE Ltd |
Textile |
294.85 |
148.35 |
| Pressure Sensitive Systems (India) Ltd |
Plastic Products |
110.46 |
147.34 |
| Colorchips New Media Ltd |
Media & Entertainment |
193.74 |
147.07 |
| Nutricircle Ltd |
Textile |
3.9 |
139.52 |
| Quantum Digital Vision (India) Ltd |
Media & Entertainment |
4.93 |
138.82 |
| Jindal Leasefin Ltd |
Finance |
18.05 |
133.92 |