SME listing: Anmol India jumps from Rs 26 to Rs 174.50 per share in nearly one year!

On June 4, the stock got migrated to the mainboard, which means that it is no more a SME stock and can be considered a normal BSE-listed micro-cap company.

SME stocks are rarely on investors’ radar as they are considerably illiquid and are less researched. Risk-averse investors, usually give SME stocks, a miss. However, those with an appetite for multibagger returns and a keen sense of ‘equity research’ cannot ignore the opportunities presented by SME stocks. 

Anmol India Ltd is a point in case. The stock got listed in February 2019 at Rs 33 per share with a market lot of 4,000 shares. In June 2020, the stock was trading at approximately Rs 26 per share and as of June 8, 2021, the stock was trading at Rs 174.50 per share. The stock is up by almost 571 per cent in less than a year. On June 4, the stock got migrated to the mainboard, which means that it is no more a SME stock and can be considered a normal BSE-listed micro-cap company.

After fulfilling certain criteria, the SME stock can be migrated to the mainboard. So far, out of 338 companies listed on the SME platform, 103 companies have migrated to the mainboard as per the records published on BSE SME website (www.bsesme.com). 

Engaged in the business of coal import & supply, Assam-based Anmol India Ltd was incorporated in 1998. The primary product of the company is USA coal while it also deals in Indonesian coal and petroleum coke. With rising commodity prices, the company has been able to record high profitability and the stock prices are merely reflecting the improving fundamentals.

BSE launched its SME platform for small and medium enterprises in March 2012. Since then, it has been receiving a very positive response. As of June 8, 2021, the total market capitalisation of BSE SME listed stocks stood at Rs 10,991.92 crore.